The Mean Is the Statistical Measure That Corresponds to What

question 75

Multiple Choice

The mean is the statistical measure that corresponds to what is popularly called

• A) the medial.
• B) the average.
• C) the mode.
• D) the probability.
• E) the median.

---

Definitions:

Excess Reserves

The amount of reserves that banks hold over the minimum required by the central bank to back deposits.

Money Creation

The process by which the money supply of a country is increased through the activities of its central bank and commercial banking system.

Banking System

The network of banks and financial institutions that provide banking services, including deposits, loans, and currency exchange.

Required Reserve Ratio

The minimum percentage of deposits that a bank must hold in reserve and not lend out.