By the end of the 1990s,private equity was worth almost ___ in the USA.

A) AUD 8 trillion
B) USD 8 billion
C) AUD 18 trillion
D) USD 8 trillion

Question

By the end of the 1990s,private equity was worth almost ___ in the USA.

A) AUD 8 trillion
B) USD 8 billion
C) AUD 18 trillion
D) USD 8 trillion

Quizplus · Accepted Answer

Private equity has been estimated as being worth almost AUD$8 trillion in the USA by the end of the 1990s,and it continues to strongly trend upward.This compares to around AUD$9 trillion in value of the US (public)stock market.The holders of private equity tend to be households,which collectively are estimated to own 75% of private equity in the USA.The range of businesses in which private equity is held tends to be concentrated in services (30%),such as entertainment,auto repairs,real estate agents,insurance and mortgages,and beauty services;retail and wholesale (22%),including direct home sales,food and liquor stores,restaurants and bars;and the manufacturing sector (21%),such as printing,building trades and trucking.

By the End of the 1990s,private Equity Was Worth Almost