The Monetary Base Is Equal to

question 25

Multiple Choice

The monetary base is equal to

• A)M1.
• B)M2.
• C)currency and coins in circulation plus checkable deposits.
• D)the sum of coins,Federal Reserve notes,and banks' reserves at the Fed.
• E)the sum of coins,Federal Reserve notes,and gold at the Fed.

---

Definitions:

Sten Scores

Derived from the name “standard 10,” a standard score that is commonly used on personality inventories and questionnaires. Stens have a mean of 5.5 and a standard deviation of 2.

Standard Error of Measurement (SEM)

The standard error of measurement (SEM) is an estimate of the variation in scores due to measurement error, indicating how repeated measures of a person on the same instrument might differ.

T Score

A type of standardized score that has been adjusted to fit a normal distribution, typically with a mean of 50 and a standard deviation of 10.

Test-Retest Reliability

The consistency of a psychological test or assessment over time, measured by administering the same test to the same subjects at two different points in time.