Financial Assets Represent ________ of Total Assets of U

question 49

Multiple Choice

Financial assets represent ________ of total assets of U.S. households.

• A) under 70%
• B) over 90%
• C) under 10%
• D) about 30%

---

Definitions:

Mixed Costs

Expenses that have both a fixed and variable component, changing in total with the level of activity but also including a constant element.

Fixed Costs

Fixed costs are expenses that remain constant for a company regardless of how much it produces or sells, such as rent, salaries, and insurance premiums.

Variable Costs

Costs that fluctuate in direct proportion to the amount of production or sales figures.