Given the Following Information,what Would Be the Value of M2

question 251

Multiple Choice

Given the following information,what would be the value of M2?
$\begin{array}{|l|l}\hline \text { Small time deposits } & \$ 650 \text { billion } \\\text { Checking deposits } & \$ 300 \text { billion } \\\text { Savings-type accounts } & \$ 750 \text { billion } \\\text { Money market mutual funds } & \$ 600 \text { billion } \\\text { Travelers' checks } & \$ 25 \text { billion } \\\text { Large time deposits } & \$ 600 \text { billion } \\\text { Cash in hand } & \$ 100 \text { billion }\end{array}$

• A) $400 billion
• B) $100 billion
• C) $425 billion
• D) $1,825 billion

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Definitions:

Sample Space

The collection of every potential result that can emerge from a statistical experiment.

Mutually Exclusive

A statistical term describing events that cannot occur at the same time.

Collectively Exhaustive

A condition where a set of events covers all possible outcomes, ensuring that every possible scenario is accounted for.

Probability

The quantification of an event's chance of happening, represented as a number from 0 to 1.