The Gold Standard Had Its Origin in the Use of _____

question 88

Multiple Choice

The gold standard had its origin in the use of _____ as a medium of exchange,unit of account,and store of value.

• A)the U.S.dollar
• B)the British pound
• C)paper currency
• D)gold coins

---

Definitions:

Type II Error

The statistical error that occurs when a test fails to reject a false null hypothesis, also known as a "false negative."

Sample Size

Refers to the number of observations or data points collected in a sample from a population for the purpose of statistical analysis.

Level of Significance

The threshold chosen by the researcher which determines the probability at which the null hypothesis will be rejected, often denoted by alpha (α).

Operating Characteristic

A function or curve that describes the discriminating ability of a test across various conditions or thresholds.