The Principle of Checks and Balances Is Based on the Notion

question 32

Multiple Choice

The principle of checks and balances is based on the notion that

• A)leaders are the trustees of the people.
• B)a weak government is always preferable to a strong government.
• C)all legislative and executive action should be controlled through judicial power.
• D)power must be used to offset power.
• E)legislators and executives cannot be trusted,but judges are trustworthy.

Understand the concept of mean and how it is calculated for a dataset.

Understand the concept of standard deviation and its calculation for both population and sample data.

Interpret complex data calculations and their significance in describing dataset characteristics.

Identify measures of central tendency and measures of variability.

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Definitions:

Drawer

In banking and finance, refers to the party that writes and signs a check or draft, instructing their bank to pay a specified sum to the named party.

Calendar Days

All days in a month or year, including working days, weekends, and public holidays, considered without exception.

Dishonored

Pertains to a financial instrument, such as a check or bill of exchange, that has been presented for payment and rejected.

Regulation CC

refers to a federal regulation in the United States encompassing the Expedited Funds Availability Act, dictating how quickly banks must make deposited funds available.