When the Receipts Given by Goldsmiths to Depositors Were Used

question 133

Multiple Choice

When the receipts given by goldsmiths to depositors were used to make purchases,

• A)the gold standard was created.
• B)existing banking laws were violated.
• C)the receipts became in effect paper money.
• D)a fractional reserve banking system was createD.

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Definitions:

SSB

In statistics, SSB stands for the Sum of Squares Between groups, which is used in variance analysis to determine the variance among different groups.

Randomized Block Experiment

An experimental design that groups subjects based on certain characteristics to reduce variation in the response variable, with random assignment within blocks.

Within-Treatments Variation

The variability observed among individuals within the same group or treatment category in an experiment.

F-test

A statistical test used to compare the variances of two populations or to test the hypothesis that multiple population means are equal.