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

Coins and Currency in Circulation1200
Checkable Deposits3
Traveler's Checks2000
Savings Accounts7800
Money Market Mutual Funds500
Time Deposits700

Using the data above, calculate M1 for Mexico.

billion

 

Hint


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

Coins and Currency in Circulation1500
Checkable Deposits8
Traveler's Checks1900
Savings Accounts7500
Money Market Mutual Funds400
Time Deposits700

Using the data above, calculate M2 for Mexico.

billion

 

Hint