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Question 1

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 Circulation1100
Checkable Deposits2
Traveler's Checks2000
Savings Accounts7900
Money Market Mutual Funds600
Time Deposits600

Using the data above, calculate M1 for the US.

billion

 

Hint


Question 2

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

Coins and Currency in Circulation1500
Checkable Deposits7
Traveler's Checks1600
Savings Accounts7000
Money Market Mutual Funds600
Time Deposits700

Using the data above, calculate M2 for Japan.

billion

 

Hint