If the Sampling Procedure You Are Using Results in Every

question 3

Multiple Choice

If the sampling procedure you are using results in every element in the sampling unit having a known chance of being selected, then you are using which of the following?

• A) Nonprobability sampling.
• B) Random sampling.
• C) Probability sampling.
• D) A biased sampling frame.

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Definitions:

Reserves

Assets held by financial institutions or central banks as a requirement or for ensuring liquidity in times of need, including cash, deposits, or securities.

Money Supply

The Money Supply is the total amount of monetary assets available in an economy at any specific time, including cash, coins, and balances held in checking and savings accounts.

Interest Rates

The expense incurred when taking out a loan, usually shown as a percent of the total amount loaned.

Federal Funds Market

A U.S. financial market allowing banks to borrow and lend excess reserves to each other, usually overnight, at an interest rate called the federal funds rate.