The Federal Reserve System Was Established in 1913 in Response

question 224

Multiple Choice

The Federal Reserve System was established in 1913 in response to the

• A) First World War.
• B) bank panic of 1907.
• C) depression of 1883.
• D) prosperity of the 1920s.

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Definitions:

IQR

IQR, or Interquartile Range, measures the middle 50% spread of a dataset by calculating the difference between the first (25th percentile) and third (75th percentile) quartiles.

Range

The difference between the highest and lowest values in a dataset.

Median

The middle value in a data set when it is organized in ascending or descending order, or the average of the two middle values if the set has an even number of observations.

IQR

IQR, or Interquartile Range, is a measure of statistical variability, which is calculated as the difference between the 25th (first quartile) and the 75th percentile (third quartile) values in a data set, showing the spread of the middle 50% of the data.