A Theory That Is Created Based Upon Experience and Field

question 61

Short Answer

A theory that is created based upon experience and field observations is referred to as a ________theory.

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Definitions:

Federal Reserve Board

An independent agency of the federal government established in 1913 to regulate the nation’s banking and financial industry.

Securities

Financial instruments that represent an ownership position in a publicly-traded corporation (stock), a creditor relationship with a governmental body or a corporation (bond), or rights to ownership as represented by an option.