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By establishing that the independent variable and dependent variable are correlated with each other, one has satisfied which criteria for establishing efficient causality?
New Reserves
Resources or assets that have been newly discovered or identified, often referring to natural resources like oil, gas, or minerals that can be economically extracted.
Reserve Requirement Ratio
The fraction of deposits that banks must hold in reserve and not lend out, as mandated by the central bank.
Checkable Deposits
Bank account balances that can be withdrawn on demand using checks or electronic payment methods without any advance notice.
Excess Reserves
The amount of reserves that a bank holds in excess of the reserve requirements set by a central bank.
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