Which of the Following Is Measured at the Ordinal Level

question 33

Multiple Choice

Which of the following is measured at the ordinal level?

• A) Martha is ten years older than Ruth.
• B) Mary is older than Janet.
• C) Sam is twice the age of his son.
• D) George and Harry are the same age.

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Definitions:

Required Reserve Ratio

The fraction of deposits that a bank is required by regulation to hold in reserve, not loaning them out, ensuring banks can meet their depositor's demands.

Required Reserve

The minimum amount of funds that a bank must hold in reserve against deposits made by customers, as mandated by central banking authorities.

Excess Reserves

The amount of reserves that a bank holds beyond the required minimum, which can potentially be lent out to create new money.

Excess Reserves

The funds that banks hold over and above the required reserve ratio set by the central bank, which can be loaned out or invested.