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Consider the following statistics for the banking sector in Japan displayed in the table below (all numbers in billions of domestic currency).

Coins and Currency in Circulation1200
Checkable Deposits6
Traveler's Checks1800
Savings Accounts7500
Money Market Mutual Funds500
Time Deposits800

Using the data above, calculate M1 for Japan.

billion

 

Hint


Consider the following statistics for banking sector in Canada displayed in the table below (all numbers in billions of domestic currency).

Coins and Currency in Circulation1300
Checkable Deposits4
Traveler's Checks1200
Savings Accounts9000
Money Market Mutual Funds400
Time Deposits800

Using the data above, calculate M2 for Canada.

billion

 

Hint


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