Which Level(s)of Measurement Can Be Used for "Determining Differences

question 51

Multiple Choice

Which level(s) of measurement can be used for "determining differences"?

• A)ratio only
• B)interval and ratio
• C)ordinal,interval,and ratio
• D)all four levels: nominal,ordinal,interval,and ratio

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Definitions:

M2

A classification of money supply that includes cash, checking deposits, and easily convertible near money like savings deposits, money market securities, and mutual funds.

Money Supply

The total financial assets existing in an economy at a specific period, incorporating cash, coins, and the balances maintained in checking and savings accounts.

Banking System

The structure of banks and financial institutions within an economy, which provides financial services including deposits, loans, and currency exchange.

M2

A measure of the money supply that includes cash, checking deposits, and easily convertible near money.