Control May Be Defined as

question 17

Multiple Choice

Control may be defined as

• A) the ability to guide sources of variability in an experiment
• B) providing standards for comparing the effect of a particular variable
• C) providing techniques to reduce the effects of extraneous variables on the results
• D) all of these

---

Definitions:

Fiat Money

Paper money that is not backed by or convertible into any good; it is money because the government says it is money.

Medium of Exchange

A facilitating device or arrangement employed to assist in the transactions of buying, selling, or trading items between entities.

Legal Tender

Currency that must be accepted if offered in payment of a debt, by law.

Federal Deposit Insurance

A government guarantee that protects bank depositors' funds up to a certain limit in case of a bank failure.