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Money That Is Created in the Private Sector, Such as Checking

question 53

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Money that is created in the private sector, such as checking accounts at banks, is referred to as:

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Definitions:

Population Proportion

The ratio or percentage of a particular group within a larger population that shares a characteristic.

Continuity Correction Factor

An adjustment made to a discrete probability distribution when approximating it by a continuous distribution.

Standard Error

The standard deviation of the sampling distribution of a statistic, most commonly of the mean.

Sample Proportion

The proportion of items in a sample that meet a specified condition, often used as an estimator of the population proportion.

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