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Question 1

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 Deposits4
Traveler's Checks2000
Savings Accounts7500
Money Market Mutual Funds500
Time Deposits700

Using the data above, calculate M1 for Japan.

billion

 

Hint


Question 2

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 Circulation1500
Checkable Deposits1
Traveler's Checks1500
Savings Accounts7000
Money Market Mutual Funds600
Time Deposits600

Using the data above, calculate M2 for China.

billion

 

Hint