Thirty students in the School of Business were asked what their majors were.The following represents their responses (M = Management;A = Accounting;E = Economics;O = Others).
a.Construct a frequency distribution and a bar chart.
b.Construct a relative frequency distribution and a pie chart.
Definitions:
Open Market Operations
The buying and selling of government securities by a central bank to control the money supply and interest rates.
Inflation
A sustained increase in the general price level of goods and services in an economy over a period of time, leading to a decrease in the purchasing power of money.
Vault Cash
Physical currency held by banks within their vaults, used to meet customer withdrawals and other cash needs.
Primary Reserve
It is the part of a country's reservable deposits held in cash or in deposits with the central bank, used to manage liquidity and fulfill regulatory requirements.
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