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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 Circulation1300
Checkable Deposits2
Traveler's Checks1400
Savings Accounts7700
Money Market Mutual Funds400
Time Deposits700

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 Circulation1500
Checkable Deposits4
Traveler's Checks1800
Savings Accounts8600
Money Market Mutual Funds500
Time Deposits600

Using the data above, calculate M2 for Canada.

billion

 

Hint