A Data Set Is a Balanced Panel If It _____

question 22

Multiple Choice

A data set is a balanced panel if it _____.

• A)consists of a sample of individuals, households, firms, cities, states, countries, or a variety of other units, taken at a given point in time
• B)consists of observations on a variable or several variables over time
• C)consists of data for each cross sectional units over the same time period
• D)consists of time-demeaned data for different cross sectional units

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Definitions:

Checking Account

A bank account that allows the account holder to access funds, make payments, and manage transactions with ease.

Excess Reserves

Bank reserves in excess of the required minimum, which can be lent out or invested.

Total Reserves

The sum of all deposits, including cash, bank deposits, and investable assets, held by a financial institution or country.

Required Reserves

The minimum amount of reserves a bank must hold, as mandated by regulatory bodies, based on a percentage of the bank's deposit liabilities.