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Question 1

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

Coins and Currency in Circulation | 1200 |
---|---|

Checkable Deposits | 7 |

Traveler's Checks | 1700 |

Savings Accounts | 8100 |

Money Market Mutual Funds | 400 |

Time Deposits | 500 |

Using the data above, calculate M1 for the US.

billion

2907

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 | 1300 |
---|---|

Checkable Deposits | 3 |

Traveler's Checks | 2000 |

Savings Accounts | 7000 |

Money Market Mutual Funds | 400 |

Time Deposits | 600 |

Using the data above, calculate M2 for Japan.

billion

11303

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