Comparing U

question 63

Multiple Choice

Comparing U.S. household portfolios in 2006 with U.S. household portfolios in 1950, which of the following statements is true?

• A)Pension reserves were a larger fraction of U.S. household portfolios in 2006, but U.S. government securities were a smaller fraction.
• B)Life insurance reserves were a larger fraction of U.S. household portfolios, but pension reserves were a smaller fraction.
• C)Money market mutual funds were a smaller fraction of U.S. household portfolios, but U.S. government securities were a larger fraction.
• D)U.S. government securities were a smaller fraction of U.S. household portfolios, but life insurance reserves were a larger fraction.

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