Graphical Statistics

question 95

Multiple Choice

Graphical statistics

• A) present numbers in a pictorial format.
• B) numerically describe a "typical" score in a distribution.
• C) show the arithmetic average of a set of data.
• D) indicate how scores differ from each other numerically.

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Definitions:

Required Reserve Ratio

The fraction of deposits that banks are required to hold in reserve and not lend out, typically determined by a central bank.

Total Money Supply

The entire stock of currency and other liquid instruments circulating in a country's economy as of a particular time.

Money Supply

The overall accumulation of monetary assets in an economy at a certain point, including cash, coins, and funds in checking and savings accounts.

Reserves

Assets held by a financial institution or an individual as a buffer for potential future liabilities or emergencies.