A Relation Is in Third Normal Form (3NF)if and Only

question 52

Multiple Choice

A relation is in third normal form (3NF) if and only if it is in 2NF and ________.

• A)all non-key attributes are determined by the entire primary key
• B)there are no non-key attributes determined by another non-key attribute
• C)every attribute is a candidate key
• D)every candidate key is a determinant

Understand the impact of Federal Reserve policies on the banking system and the overall economy, including the money supply, interest rates, and inflation.

Describe the significance of federal funds, discount rate, and the role of secondary reserves in banks' liquidity management.

Analyze the effects of monetary policy actions on the economy, including those intended to address recessions and inflations.

Recognize the legal and operational framework within which the Federal Reserve operates, including its interactions with commercial banks.

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Definitions:

APC

The average propensity to consume, which is the proportion of income that is spent on consumption rather than saved.

Disposable Income

Financial allocations for households' spending and saving activities post-income tax deductions.

Savings

Funds that are set aside for future use rather than being spent immediately, often placed in accounts that earn interest.

Consumption

The use of goods and services by households or individuals, typically referring to the final use that directly satisfies human needs or wants.