Although Checking Deposits Are Considered Money, They Are Actually

question 112

Multiple Choice

Although checking deposits are considered money, they are actually

• A)fictitious numbers in persons' checkbooks.
• B)backed by commodities like gold.
• C)not very useful for making payments.
• D)bookkeeping entries in bank balance sheets.

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Definitions:

Parameters

In statistics, parameters are numerical characteristics that describe and summarize features of a population.

Student t Distribution

A probability distribution used in significance testing, especially useful with small sample sizes or unknown population variances.

Symmetrical

A shape or object that is exactly the same on both sides of a dividing line or around a center point.

Degrees of Freedom

Refers to the number of independent values or quantities that can vary in an analysis without violating any constraints.