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Question 1

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 Circulation1000
Checkable Deposits2
Traveler's Checks1900
Savings Accounts7400
Money Market Mutual Funds500
Time Deposits500

Using the data above, calculate M1 for Mexico.

billion

 

Hint


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 Circulation1400
Checkable Deposits3
Traveler's Checks1200
Savings Accounts8200
Money Market Mutual Funds600
Time Deposits800

Using the data above, calculate M2 for Canada.

billion

 

Hint