Table 9-2 -Refer to Table 9-2. in Year 2, If the Supply

question 209

Multiple Choice

Table 9-2

-Refer to Table 9-2. In Year 2, if the supply of money measured by M2 was $1,000 billion, then the components of M2 not shown in the table must have totaled

• A) less than $250 billion.
• B) $250 billion.
• C) $300 billion.
• D) $450 billion.

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Definitions:

At Least 3

A criterion stating that a condition or quantity should be three or more, not less.

Mutually Exclusive

Situations or events that cannot occur at the same time; the occurrence of one event precludes the occurrence of the other.

Collectively Exhaustive

A condition in probability theory where a set of events covers all possible outcomes, ensuring that at least one of the mentioned events must occur.

Event A

A specified occurrence within a set framework, often observed within statistical and probability studies.