Consider the Following Statement "My Child Was Bullied on the School

question 19

Multiple Choice

Consider the following statement "My child was bullied on the school bus and so was my neighbors child, so obviously, bullying is a big problem on school buses and something needs to be done about it!" What is wrong with this statement?

• A)The person making the statement confused correlation with causation.
• B)The statement exhibits bias.
• C)The statement is anecdotal.
• D)None of these-- the statement is valid.

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Definitions:

Money Creation

The process by which the money supply of a country is increased through activities primarily conducted by its central bank.

Monetary Control Act

A 1980 United States federal law that aimed to improve the Federal Reserve's control over monetary policy and to ensure more effective financial regulation.

Excess Reserves

The funds that banks hold over and above the legal requirement set by a central bank or banking regulator.

Commercial Bank

A firm that engages in the business of banking, accepting deposits, offering checking accounts, and making loans.