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Question 1

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

Coins and Currency in Circulation1500
Checkable Deposits7
Traveler's Checks2000
Savings Accounts8600
Money Market Mutual Funds400
Time Deposits800

Using the data above, calculate M1 for China.

billion

 

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

Coins and Currency in Circulation1400
Checkable Deposits5
Traveler's Checks1400
Savings Accounts7200
Money Market Mutual Funds600
Time Deposits600

Using the data above, calculate M2 for China.

billion