Investments HW #1

1. Financial assets represent _____ of total assets of U.S. households.

a.) under 70%

b.) over 90%

c.) under 10%

d.) about 30%

2. Real assets in the economy include all but which one of the following?

a.) land

b.) buildings

c.) consumer durables

d.) common stock

3. According to the Flow of Funds Accounts of the United States, the largest single asset of U.S. households is ___.

a.) mutual fund shares

b.) real estate

c.) pension reserves

d.) corporate equity