What Is the 3-Day Simple Moving Average as of Day

question 87

Multiple Choice

What is the 3-day simple moving average as of Day 6, given the following information?
$$\begin{array} { c r } \text { Day } & \text { Closing Frice } \\1 & \$ 36.09 \\2 & 34.87 \\3 & 35.01 \\4 & 35.16 \\5 & 35.85 \\6 & 35.92 \\7 & 36.10\end{array}$$

• A)$35.32
• B)$35.01
• C)$35.35
• D)$35.66
• E)$35.97

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Definitions:

Monetary Policy

The process by which a central bank or monetary authority manages the money supply and interest rates to achieve economic objectives.

Interest Rates

The cost of borrowing money, typically expressed as a percentage of the amount borrowed, that borrowers pay to lenders over a specified period.

Money Supply

The sum of all financial resources in the form of cash and deposits in banks present within an economy at a given moment.

Federal Reserve Board

A central body of the Federal Reserve System, overseeing the nation's monetary policy and regulating banks.