Asked by Sushmita Rathour on Jul 31, 2024
Verified
One source of data used in thisChapter is the SCF.What does this acronym mean?
A) Consumer Financial Survey
B) Survey of Consumer Finances
C) Survey of Corporate Finances
D) Social Census Facts
Survey Of Consumer Finances
The Survey of Consumer Finances is a detailed survey conducted by the Federal Reserve to gather information about household finances in the United States, including income, saving, debt, and net worth.
SCF
Statement of Cash Flows, a financial report that details the inflows and outflows of cash for a business over a specified period.
- Comprehend the application of statistical results to draw conclusions regarding a larger population.
Verified Answer
CE
Chandler ElliottAug 02, 2024
Final Answer :
B
Explanation :
The acronym SCF stands for Survey of Consumer Finances, which is a comprehensive survey conducted every three years by the Federal Reserve to gather data on the financial situation of American households.
Learning Objectives
- Comprehend the application of statistical results to draw conclusions regarding a larger population.
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