Which of the Following Is FALSE

question 4

Multiple Choice

Which of the following is FALSE?

• A)Internal secondary data are the least costly of any type of marketing research.
• B)Secondary data usually have the advantage of being faster to collect than primary data.
• C)Although secondary data provide a good starting point for a research project,it will always be necessary to collect primary data at some point.
• D)One of the advantages of secondary data is that secondary data generally are much less costly to collect than primary data.
• E)Secondary data typically do not provide as good a fit to the problem as primary data.

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Definitions:

Basic Money Supply

Refers to the total volume of money available in the economy, typically including cash and easily accessible funds.

M1

M1 is a category of the money supply that includes all physical currency plus demand deposits and other liquid assets held by the central bank.

M2

M2 is a category of money supply that includes all elements of M1 (cash and checking deposits) as well as "near money," such as savings deposits, money market securities, and mutual funds.

M3

A gauge of monetary supply that encompasses M2, including cash, checking deposits, and near money that's easily converted, in addition to large-scale time deposits, institutional money market funds, and other sizeable liquid assets.