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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 Circulation | 1200 |
---|---|

Checkable Deposits | 4 |

Traveler's Checks | 1300 |

Savings Accounts | 7700 |

Money Market Mutual Funds | 400 |

Time Deposits | 500 |

Using the data above, calculate M1 for the US.

billion

2504

Hint

Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172

Enter DNE for Does Not Exist, oo for Infinity

Question 2

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

Coins and Currency in Circulation | 1400 |
---|---|

Checkable Deposits | 3 |

Traveler's Checks | 1200 |

Savings Accounts | 8200 |

Money Market Mutual Funds | 600 |

Time Deposits | 800 |

Using the data above, calculate M2 for Canada.

billion

12203

Hint

Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172

Enter DNE for Does Not Exist, oo for Infinity