Which of the Following Is an Example of Money

question 357

Multiple Choice

Which of the following is an example of money?

• A)currency in your wallet
• B)currency inside the banks
• C)checks written as payment for a good or service
• D)credit card used as a payment for a good or service
• E)a debit card

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Definitions:

Two-tail Test

A statistical test in which the critical area of a distribution is two-sided and tests whether a sample is either greater than or less than a range of values.

Nominal Data

Data that represents categories with labels or names, where the order of the categories is not meaningful.

Z-test

A statistical test used to determine whether two population means are different when the variances are known and the sample size is large.

Chi-square Test

A statistical test used to determine if there is a significant difference between the observed frequencies and the expected frequencies in one or more categories.