Which of the Following Statements Is True About Data Processing?​

question 26

Multiple Choice

Which of the following statements is true about data processing?​

• A) It is best to run your data analyses immediately after you enter your data.​
• B) ​Computers will automatically correct data entry errors.
• C) ​Using possible code cleaning, you examine the distribution of responses to each item to see if some responses exist for codes you didn't use.
• D) ​None of these statements is true

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Definitions:

Equilibrium Interest Rate

The interest rate at which the demand for money balances equals the supply of money, resulting in a stable economic situation without a tendency for the interest rate to change.

Loanable Funds

The money available for borrowing, encompassing both the savings of individuals and institutions and the money created by banks.

Equilibrium Interest Rate

The interest rate at which the demand for funds equals the supply of funds, balancing savings with investment in the economy.

Loanable Funds Demanded

The total amount of funds sought after by borrowers in the financial market at a given interest rate.