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Question 1

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

Coins and Currency in Circulation1100
Checkable Deposits5
Traveler's Checks1400
Savings Accounts9000
Money Market Mutual Funds600
Time Deposits600

Using the data above, calculate M1 for Slovenia.

billion

 

Hint


Question 2

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 Circulation1200
Checkable Deposits3
Traveler's Checks2000
Savings Accounts7800
Money Market Mutual Funds500
Time Deposits700

Using the data above, calculate M2 for Mexico.

billion

 

Hint