Which of the Following Is an Example of the Use

question 102

Multiple Choice

Which of the following is an example of the use of money as a medium of exchange?

• A)Dave keeps $250 in his drawer for a "rainy day."
• B)Mike gets a friend to give him a beer today in return for promising to give the friend two beer when Mike gets paid at the end of the month.
• C)Judy lends her car to a friend who signs a promissory note that she will pay Judy $10 a day for the use of the car after she returns the car to Judy.
• D)Barry pays $275 with his bank debit card for tickets for an NHL play-off game.
• E)ABC Investments Inc.enters in its account books that it owes Nallai $20 for his last month's investment income.

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Definitions:

Skewed Distribution

A statistical term describing an asymmetry from the normal distribution in a set of data, where the tail on one side of the peak is longer or fatter than the other.

Statistically Significant

A determination that a result from data analysis is unlikely to have occurred by chance, suggesting a real effect or difference is present.

Standard Deviations

A measure of the dispersion or variability within a set of numerical data, indicating how much variation there is from the average (mean).

Sample Averages

The mean value calculated from a sample set of data, representing the central tendency or typical value of that sample.