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Given the following data, answer four questions about the money supply and the money multiplier....

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Accounting

Given the following data, answer four questions about the money supply and the money multiplier.

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Total reserves: Transactions deposits: Cash held by public: Bonds held by public: Stocks held by public: Gross domestic product: Interest rate: Required reserve ratio: Value $18 billion $500 billion $200 billion $400 billion $220 billion $8 trillion 6 pecent 0.03 a. How large is the money supply (M1)? billion b. How much excess reserves are there? billion Instructions: Round your response to two decimal places. c. What is the money multiplier? 100 d. What is the available lending capacity of the banking system? billion

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