When home values collapsed in the period that began in 2008,it reduced many Americans':
A) bank balances.
B) household wealth.
C) household income.
D) retirement accounts.

Question

Quizplus · Accepted Answer

The collapse in home values resulted in a decline in the value of many Americans' largest asset - their home. As a result, household wealth was reduced, which includes the value of all assets, such as homes, investments, and savings. The other options may have also been impacted by the housing collapse, but not to the same extent as household wealth.

When Home Values Collapsed in the Period That Began in 2008,it