In which of the following financial assets in financial intermediaries did U.S. households have the most invested in 2006?
A)Bank deposits
B)Mutual fund shares
C)Life insurance reserves
D)Pension fund reserves

Question

Quizplus · Accepted Answer

According to data from the Federal Reserve, U.S. households had the most invested in pension fund reserves in 2006, with approximately $10 trillion in reserves. This was followed by life insurance reserves with around $6.5 trillion, mutual fund shares with around $4 trillion, and bank deposits with around $3.5 trillion.

In Which of the Following Financial Assets in Financial Intermediaries