In 2012, ____________ Was the Least Significant Financial Asset of U.S.households

question 30

Multiple Choice

In 2012, ____________ 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

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Definitions:

Deposit

An amount of money placed into an account or given to someone as a partial payment or security for the purchase of something.

Check Register

A record book or digital log used to track checks written, deposits made, and current balance of a bank account.

Cash Balance

The amount of currency and liquid instruments in a company's possession that can be readily used for transactions.

Check

A written order directing the bank to pay a certain sum to a designated party.