Which of the Following Statements Is Correct

question 5

Multiple Choice

Which of the following statements is correct?

• A) An ordinal variable with three or more categories can be the dependent variable in regression.
• B) An interval/ratio variable with three or more categories can be the dependent variable in regression.
• C) Both "a" and "b" are correct.
• D) None of the above is correct.

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Definitions:

Demand Deposits

Bank accounts that allow the holder to withdraw funds without advance notice, often used for day-to-day expenses.

Federal Reserve Bank

One of the 12 regional banks of the Federal Reserve System, each serving a specific geographic area of the United States, involved in banking and monetary policy.

First Bankers

Early financial intermediaries who accepted deposits, facilitated loans, and created ways to transfer wealth across great distances.

Goldsmiths

Historically, skilled artisans who made objects out of gold, but in economic context, also referred to as early bankers who issued loans and held deposits.