According to the Flow of Funds Accounts of the United

question 26

Multiple Choice

According to the Flow of Funds Accounts of the United States,the largest financial asset of U.S.households is ____.

• A) mutual fund shares
• B) corporate equity
• C) pension reserves
• D) personal trusts

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Definitions:

Land Ordinance

A reference to the Land Ordinance of 1785, a law aimed at orderly settlement and division of territory into townships in the United States.

Land Ordinance

Legislation passed by Congress under the Articles of Confederation that established a systematic and orderly process for surveying, selling, and settling lands in the western territories.

Tariffs

Taxes imposed by a government on imported or exported goods.

Land Surveying

The measurement and mapping of land boundaries, topography, and features to determine property lines and design construction projects.