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In an effort to address the troubled economy, ...ʺFor the ninth time in just over a year, the Federal Reserve is expected to cut interest rates, quite possibly its last reduction in this downturn.ʺ Rates have not been this low ʺ... since 2003, when the economy was growing at a snailʹs pace.
The Fedʹs rate cuts will__________bank reserves and __________.
Mutually Exclusive
A characteristic of events that cannot occur at the same time, indicating a clear separation or distinction between them.
Collectively Exhaustive
A property of a set of events that ensures all possible outcomes are covered, leaving no possibility out.
Probability
A numerical measure of the likelihood of a specific event occurring, ranging from 0 to 1.
Mutually Exclusive
Mutually exclusive refers to events in probability and statistics that cannot occur at the same time, indicating that the occurrence of one event necessarily excludes the occurrence of the other.
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