In 2009,____________ was the most significant real asset of U.S.households in terms of total value.
A)consumer durables
B)automobiles
C)real estate
D)mutual fund shares
E)bank loans

Question

Quizplus · Accepted Answer

According to the Federal Reserve's Flow of Funds report, in 2009 the total value of real estate owned by U.S. households was $16.4 trillion, which was the largest percentage of household assets. This was followed by consumer durables at $4.3 trillion, mutual fund shares at $3.8 trillion, and bank loans at $2.4 trillion. Automobiles were not included in the report as a separate asset class.

In 2009,____________ Was the Most Significant Real Asset of U