Which Test Is Done to Ensure That Data Are of Proper

question 93

Multiple Choice

Which test is done to ensure that data are of proper type,e.g.,all numeric,all alphabetic,all alphanumeric?

• A)Class
• B)Reasonableness
• C)Range
• D)Expected Values

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Definitions:

Excess Reserves

Funds that banks hold over and above the required reserve ratio set by the central bank, often earning interest.

Checkable Deposits

Bank accounts from which individuals can deposit and withdraw money using checks, ATM transactions, and electronic payments.

Reserve Requirement

The minimum fraction of customer deposits that each bank must hold as reserves, rather than lending out, as mandated by the central bank.

Simple Money Multiplier

A formula that determines the maximum amount of money that banks can create with a given level of reserves.