A Product Consists of Four Parts

question 92

Multiple Choice

A product consists of four parts.The reliability of these parts are 0.98,0.28,0.99,0.99,and 0.99.Calculate and indicate product reliability.

• A)0.27%
• B)0.32%
• C)0.43%
• D)0.21%

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Definitions:

Required Reserves

The minimum amount of reserves that banks are required to hold by law, as a safeguard against bank runs.

Demand Deposits

Bank account balances that can be withdrawn on demand without any notice, such as in checking accounts.

Credit Availability

The ease with which individuals and businesses can obtain loans or credit, often influenced by interest rates and economic policies.

Price Level

A measure of the average prices of goods and services in an economy at a given time.