Which of the Following Statements Is Most Correct

question 102

Multiple Choice

Which of the following statements is most correct?

• A) Both gold and silver have now been completely removed from any monetary role in the U.S. economy.
• B) Savings deposits and small time deposits at depository institutions constitute part of the M1 money supply definition.
• C) Fiat money is gold coins issued by central banks under authority of the government.
• D) The monetary system of the United States today is based on a dollar standard, and the dollar can be converted into gold.

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Definitions:

Neokurtic

Refers to a distribution in statistics that is characterized by a relatively peaked (less flat) curve representing frequency of data points.

Leptokurtic

A distribution of values that is peaked or high relative to the normal curve. Values in such a distribution have a narrower range.

Monokurtic

Describing a distribution that has kurtosis similar to that of a normal distribution, indicating the data has moderate outliers or none, and the peak of the distribution is neither flat nor too sharp.

Standard Error

For a sampling distribution (the distribution of scores for a sample), the standard deviation is called the standard error.