Why Do People Primarily Own or Hold Money

question 119

Multiple Choice

Why do people primarily own or hold money?

• A) because it has a guaranteed nominal return
• B) because it can be invested for a guaranteed real return
• C) because it can be used directly to buy goods and services
• D) because it functions as a unit of account

---

Definitions:

SST

Sum of Squares Total, a measure in statistics that quantifies the total variation within a dataset.

SSE

Sum of Squared Errors, a measure used in statistics to describe the amount by which the observed values differ from the values predicted by a model.

Test Statistic

A value calculated from sample data during a hypothesis test used to determine whether to reject the null hypothesis.

Sum Of Squares

The total squared deviation of each observation from the overall mean, used in statistics to measure variation within a dataset.