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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 Circulation1100
Checkable Deposits3
Traveler's Checks1700
Savings Accounts8100
Money Market Mutual Funds600
Time Deposits700

Using the data above, calculate M1 for Mexico.

billion

 

Hint


Question 2

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

Coins and Currency in Circulation1400
Checkable Deposits1
Traveler's Checks1200
Savings Accounts8400
Money Market Mutual Funds600
Time Deposits500

Using the data above, calculate M2 for the US.

billion

 

Hint