Which of the Following Statements Is True

question 65

Multiple Choice

Which of the following statements is true?

• A) Sampling error can be eliminated from a mass survey.
• B) Sampling error prevents any poll results from being taken seriously.
• C) Sampling error is usually lower if the majority of the sample includes people with a four-year college degree.
• D) Sampling error is usually lower if the majority of the sample includes people with strong political opinions.
• E) Sampling error decreases as the size of the sample gets larger.

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Definitions:

Reserve Requirement

The minimum amount of funds that a bank must hold in reserve against deposit liabilities, set by the central bank.

Excess Reserves

The reserves held by banks over and above the legal or required reserve ratio set by central banking authorities.

New Loans

Recently issued debts or obligations by a lender to a borrower, typically involving a certain amount of money to be paid back with interest.

Balance Sheets

Financial statements that summarize a company's assets, liabilities, and shareholders' equity at a specific point in time.