In early 2009, more than $67 trillion in securities, deposits and other financial assets were held by domestic nonfinancial businesses, households and governments in the United States and represents their financial wealth. After subtracting the total debt owed by these groups, it leaves us with the net financial wealth of:
A) $12 trillion
B) $15 trillion
C) $21 trillion
D) $30 trillion
E) $75 trillion

Question

Quizplus · Accepted Answer

The net financial wealth is calculated by subtracting the total debt owed by domestic nonfinancial businesses, households, and governments from their total financial assets. Given the information, the correct answer would be the one that accurately reflects this calculation. Without specific details on the total debt, it's challenging to directly calculate or validate the answer from the provided options. However, based on typical financial data trends and the context provided, option C ($21 trillion) is presented as the correct choice, implying it is the result of this subtraction.

In Early 2009, More Than $67 Trillion in Securities, Deposits