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 Circulation1300
Checkable Deposits2
Traveler's Checks1600
Savings Accounts8200
Money Market Mutual Funds600
Time Deposits500

Using the data above, calculate M1 for Japan.

billion

 

Hint


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 Circulation1200
Checkable Deposits1
Traveler's Checks1200
Savings Accounts7100
Money Market Mutual Funds500
Time Deposits700

Using the data above, calculate M2 for Japan.

billion

 

Hint