All of the Following Are Objectives of the Federal Reserve

question 248

Multiple Choice

All of the following are objectives of the Federal Reserve system,except

• A)to furnish an elastic currency.
• B)to conduct monetary policy.
• C)to accept deposits from individuals.
• D)to serve as a lender of last resort to commercial banks and thrift institutions.
• E)to supervise and regulate our financial institutions.

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Definitions:

Standard Error of Estimate

A measure of the accuracy of predictions made with a regression line, indicating the typical distance that the observed values fall from the regression line.

Coefficient of Determination

A statistical measure represented by R-squared, indicating the proportion of the variance in the dependent variable predictable from the independent variable(s).

Unexplained Variation

The portion of the total variation in a set of data that cannot be attributed to the variables considered in a study or model.

Unbiased Estimator

A statistic used to estimate a parameter of a population that, on average, exactly equals the true parameter.