UMUC Identified Several Criteria for Evaluating Information

question 31

Multiple Choice

UMUC identified several criteria for evaluating information.Which of the following statements is most true?

• A)Any piece of information that does not meet all five should be ignored.
• B)Meeting any three of the five criteria indicates that information must be considered.
• C)Authority and accuracy are more important than the other criteria.
• D)The importance of each category depends upon the source and intended use of the information.

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Definitions:

Create Money

The process by which the central bank of a country (or other monetary authority) increases the money supply, often leading to the production of physical money or the creation of digital currency units.

Reserve Ratio

The fraction of depositors' balances that banks must have on hand as cash, a regulation enforced by central banking authorities.

Reserves

Funds or materials set aside or saved for future use or to cover unforeseen expenses; in banking, it refers to the fraction of deposits that a bank keeps in hand to ensure liquidity.

Deposits

Funds placed into an account at a financial institution for safekeeping, which can include savings accounts, checking accounts, and certificates of deposit.