Use the Following to Answer Questions: Table: Statistics for a Small

question 265

Multiple Choice

Use the following to answer questions: Table: Statistics for a Small Economy $$\begin{array} { l c } \hline \text { Item } & \text { Value in dollars (\$) } \\\hline \text { Cash held by public } & 7 \text { million } \\\text { Small-time deposits } & 30 \text { million } \\\text { Money market mutual funds } & 18 \text { million } \\\text { Checkable deposits } & 36 \text { million } \\\text { Currency \& total reserves at the Fed } & 12 \text { million } \\\text { Large-time deposits } & 20 \text { million } \\\text { Demand deposits } & 14 \text { million } \\\hline\end{array}$$
-(Table: Statistics for a Small Economy) Refer to the table. The table shows some statistics for a small economy. Using only the information provided, M2 in this country amounts to:

• A) $105 million.
• B) $121 million.
• C) $137 million.
• D) $129 million.

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Definitions:

Material Modification

A significant alteration to the terms of a contract that affects the rights and duties of the parties involved.

Novation

The substitution of a new contract in place of an old one, often involving a change in parties or the terms of the agreement, with the consent of all parties involved.

LLP Statutes

Laws that govern Limited Liability Partnerships, providing rules on formation, operation, and liabilities of partners in an LLP.

RUPA

The Revised Uniform Partnership Act, which is legislation adopted by various states in the United States to regulate the operations of partnerships.