Use the Following to Answer Questions: Table: the Definition of the Money

question 121

Multiple Choice

Use the following to answer questions: Table: The Definition of the Money Supply $$\begin{array} { l c } \hline \text { Type of money } & \text { Amount (millions) } \\\hline \text { Currency and reserves held by banks at the Fed } & \$ 50 \\\text { Currency held by the public } & \$ 100 \\\text { Checkable deposits } & \$ 250 \\\text { Savings deposits } & \$ 150 \\\text { Money market mutual funds } & \$ 25 \\\text { Small time deposits } & \$ 10 \\\hline\end{array}$$
-(Table: The Definition of the Money Supply) Refer to the table. What is the M1 money supply?

• A) $150 million
• B) $250 million
• C) $350 million
• D) $400 million

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Definitions:

Cramér's V

A measure of association between two nominal variables, giving a value between 0 and 1 to indicate the strength of association.

Null Hypothesis

A statement that assumes no effect or no difference in a statistical hypothesis test, serving as a default or starting assumption.

High Crime Area

A geographical region or locality that experiences a higher incidence of criminal activities compared to surrounding areas.

Measure of Effect Size

A quantitative measure that describes the magnitude of the relationship between two or more variables.