What Is the Difference Between a Histogram and a Bar

question 16

Multiple Choice

What is the difference between a histogram and a bar chart?

• A)There is no difference; they are exactly the same.
• B)A histogram is a more accurate representation of a bar chart.
• C)A bar chart displays a quantitative variable on the horizontal axis, whereas a histogram does not.
• D)A bar chart displays a categorical variable on the horizontal axis, whereas a histogram does not.

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Definitions:

Money Supply

The aggregate sum of liquid assets within an economy at a given time, including cash, bank deposits, and assets that can be quickly turned into cash.

Demand for Money

The desire or need by individuals and businesses to hold liquid assets, primarily currency and demand deposits, for transactional, precautionary, and speculative purposes.

Nominal GDP

Nominal Gross Domestic Product refers to the market value of all final goods and services produced within a country in a given period, measured in current market prices.

Expansionary Monetary Policy

A monetary policy strategy used by central banks to increase the money supply to stimulate economic growth, typically by lowering interest rates.