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If the FOMC purchases government bonds priced at $5, 000 from a bond dealer who banks at National Bank, and if the reserve requirement is 20 percent, then the required reserves of National Bank:
Control Group
A standard or baseline group in an experiment or study that does not receive the treatment or intervention being tested, for comparison purposes.
Demographic Data
Statistical data relating to the population and particular groups within it, including information such as age, gender, income, and education.
Social Science
The systematic empirical study of the patterns, structures, and functions of human behavior, individually or in groups, within society.
Statistical Significance
A term used in statistical analysis to represent the probability that an obtained result has not occurred by chance.
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