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

Coins and Currency in Circulation1200
Checkable Deposits2
Traveler's Checks1900
Savings Accounts7900
Money Market Mutual Funds600
Time Deposits800

Using the data above, calculate M1 for the US.

billion

 

Hint


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

Coins and Currency in Circulation1100
Checkable Deposits1
Traveler's Checks1200
Savings Accounts8100
Money Market Mutual Funds400
Time Deposits500

Using the data above, calculate M2 for China.

billion

 

Hint


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