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:

Utility

The total satisfaction or benefit received from consuming a good or service.

Place Utility

The value added to products by having them available at the location where they are needed or desired by consumers.

Boarding Pass

A document provided by an airline during check-in, granting a passenger permission to enter the secure area of an airport and board a specific flight.

Service Station

A facility dedicated to the sale of gasoline and often providing maintenance and repair services for vehicles.