Assume the following asset values (in millions of dollars) exist in Goldmania: Savings deposits, including money market deposit accounts (MMDAs) = $70; Checkable deposits = $800; Small-denominated (less than $100,000) time deposits = $50; Coins in circulation = $20; Federal Reserve Notes or Bills in circulation = $400; Money market mutual funds (MMMFs) held by individuals = $200; Corporate bonds = $100; gold deposits in banks = $30; Currency in commercial banks = $60.

a. What is the value of M1 in Goldmania?

b. What is the value of M2 in Goldmania?