$($a$)$ Malaysia has the following monetary asset information as of $30$ June $2021$:

Cash in hands of the public $=$ RM $400$ billion

Demand Deposits $($DD$)=$ RM $400$ billion

Other Checkable Deposits $=$ RM $150$ billion

Traveler's checks $=$ RM $50$ billion

Savings Type accounts $=$ RM$2000$ billion

Money Market Mutual Funds $($MMMF$)=$ RM $1000$ billion

Small Time Deposits $=$ RM $500$ billion

Large Time Deposits $=$ RM $450$ billion

$($i$)$ Calculate M$1$ for Malaysia.

$[5$ marks$]$

$($ii$)$ Calculate M$2$ for Malaysia.

$[5$ marks$]$

$($iii$)$ Report the total amount of money supply for Malaysia.

$[5$ marks$]$

$($iv$)$ Report the items that are not included in the calculations of M$1$ and M$2$

in the above case. Why?

$[5$ marks$]$

$($b$)$ As a result of the $2008$ Sub$-$Prime Crisis, the Glass$-$Steagall law was

introduced. Discuss the main regulatory action of the Glass$-$Steagall law.