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 Circulation | 1300 |
|---|---|
| Checkable Deposits | 2 |
| Traveler's Checks | 1600 |
| Savings Accounts | 8200 |
| Money Market Mutual Funds | 600 |
| Time Deposits | 500 |
Using the data above, calculate M1 for Japan.
billion
2902
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 Japan displayed in the table below (all numbers in billions of domestic currency).
| Coins and Currency in Circulation | 1200 |
|---|---|
| Checkable Deposits | 1 |
| Traveler's Checks | 1200 |
| Savings Accounts | 7100 |
| Money Market Mutual Funds | 500 |
| Time Deposits | 700 |
Using the data above, calculate M2 for Japan.
billion
10701
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