In 2009,____________ was the most significant asset of U.S.households in terms of total value.
A)real estate
B)mutual fund shares
C)debt securities
D)life insurance reserves
E)pension reserves

Question

Quizplus · Accepted Answer

Real estate refers to the value of homes and other properties owned by households, and in 2009 it was the most significant asset in terms of total value. This is supported by data from the Federal Reserve, which shows that as of Q4 2009, the value of real estate owned by households was over $18 trillion, while the value of mutual fund shares, debt securities, life insurance reserves, and pension reserves was lower.

In 2009,____________ Was the Most Significant Asset of U