Whatever Serves as a Medium of Exchange Is

question 89

Multiple Choice

Whatever serves as a medium of exchange is

• A)money
• B)money,so long as it also is the best such medium of exchange available
• C)money,so long as it is not also a commodity
• D)money,so long as it is not also legal tender
• E)not money unless it continues to be backed by its issuing institution

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Definitions:

Degrees Of Freedom

A concept in statistics referring to the number of independent values or quantities which can vary in the computation of a statistic, often related to the number of observations in a sample minus the number of restrictions or parameters.

T-Distribution

A type of probability distribution that is symmetric and bell-shaped, used in statistics for small sample sizes when the population variance is unknown.

Confidence Interval

A scope of values, derived through sample statistical methods, seen as likely to include the value of an unascertained population parameter.

Population Mean

The average of a set of numerical values obtained from every member of a population.