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A bank money manager estimates that the bank will experience a liquidity deficit of $400 million with a probability of 10 percent, a liquidity deficit

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A bank money manager estimates that the bank will experience a liquidity deficit of $400 million with a probability of 10 percent, a liquidity deficit of $900 million with a probability of 30 percent, a liquidity surplus of $600 million with a probability of 20 percent, and a liquidity surplus of $1,600 with a probability of 40 percent over the next month. What is this bank's expected liquidity deficit or surplus next month? (Show alf calculations for full credit.)

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