According to the Flow of Funds Accounts of the United

question 41

Multiple Choice

According to the Flow of Funds Accounts of the United States, the largest liability of U.S. households is ________.

• A) mortgages
• B) consumer credit
• C) bank loans
• D) gambling debts

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Definitions:

Random Variable

A variable whose numerical values result from a random phenomenon or statistical experiment.

Constant

In mathematics and statistics, a fixed value that does not change within the scope of a given problem.

Interval

A range between two numbers or points, often used to specify a period of time or a statistical range.

Standard Normal Distribution

A specific probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.