8) In 2018, ____________ was the least significant financial 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
9) In 2018, ____________ was the most significant financial 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
10) In 2018, ____________ 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
11) In 2018, ____________ were the most significant liability of U.S. households in terms of total value.
A) credit cards
B) mortgages
C) bank loans
D) student loans
E) other forms of debt
12) In 2018, which of the following financial assets make up the second highest proportion of the financial assets held by U.S. households?
A) Corporate equity
B) Life insurance reserves
C) Mutual fund shares
D) Debt securities
E) Personal trusts
13) In 2018, _______ of the assets of U.S. households were financial assets as opposed to tangible assets.
A) 23.5%
B) 87.2%
C) 28.4%
D) 58.4%
E) 71.6%
14) The largest component of domestic net worth in 2018 was
A) nonresidential real estate.
B) residential real estate.
C) inventories.
D) consumer durables.
E) equipment and software.