THE FED REVISES ITS ESTIMATES OF THE MONETARY AGGREGATES, SOMETIM...

154) The Fed revises its estimates of the monetary aggregates, sometimes by large amounts, because

(a) small depository institutions need only report their deposits infrequently.

(b) seasonal adjustments become more precise only as more data become available.

(c) monthly monetary data need to be adjusted for the “payday effect.”

(d) of all of the above.

(e) of only (a) and (b) of the above.

Answer: E

Question Status: Previous Edition