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

Coins and Currency in Circulation1300
Checkable Deposits7
Traveler's Checks1800
Savings Accounts7100
Money Market Mutual Funds500
Time Deposits800

Using the data above, calculate M1 for China.

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 Circulation1000
Checkable Deposits3
Traveler's Checks1300
Savings Accounts7400
Money Market Mutual Funds500
Time Deposits800

Using the data above, calculate M2 for Mexico.

billion

 

Hint


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