Financial Accounts of the United States Z1/Z1/FA664090005.Q 1946Q4 2015Q2 275 Se

Question

Financial Accounts of the United States

Z1/Z1/FA664090005.Q    1946Q4                 2015Q2                 275         Security brokers and dealers; total financial assets          

Z1/Z1/FA662151003.Q    1946Q4                 2015Q2                 275         Security brokers and dealers; security repurchase agreements; liability      

Z1/Z1/FA663168005.Q    1946Q4                 2015Q2                 275         Security brokers and dealers; depository institution loans n.e.c.; liability   

During the fourth quarter of 2008 financial assets on the balance sheets of security brokers and dealers in the United States declined by $535.033 billion.

True or False Thank You!

Explanation / Answer

As per the report released by the Federal Reserve

For Security Brokers and dealers

Net acquisition of Financial Assets in Q4 of 2008 was - $ 3336.5 Billion and for the whole year of 2008 the net acquisition was - $ 874.80 Billion Dollars.

Thus the financial assets on balance sheets of declined in Q4 of 2008 by $ 3336.5 Billions of Dollars.

The answer is False.

Related Questions

Navigate

• Browse (All)
• Browse F
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.