Identify the Type of Sampling Used

question 62

Multiple Choice

Identify the type of sampling used
-A researcher interviews the first 19 work colleagues who work in his building as they left work.

• A) Random
• B) Cluster
• C) Stratified
• D) Convenience
• E) Systematic

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Definitions:

Reserve Ratio

The fraction of deposits that banks are required to hold in reserve and not lend out, aimed at controlling the money supply and banking stability.

M3

A measure of the money supply that includes M2 (cash, checking deposits, savings deposits, money market securities) plus large time deposits, institutional money market funds, and other large liquid assets.

Small Denomination

Currency or securities that are issued in relatively small monetary amounts, making them more accessible to individual investors or consumers.

Large Denomination

Large denomination refers to currency notes or financial instruments that represent a high value, typically making transactions and storage of large sums more convenient.