How large is the money supply how much excess reserves are


Total bank reserves:                       $34 billion

Total bank deposits:                       $600 billion

Cash held by public:                        $200 billion

Bonds held by public:                    $220 billion

Stocks held by public:                    $140 billion

Gross domestic product:             $ 6 trillion

Interest rate                                      6 percent            

Required reserve ratio:                                0.05

(a) How large is the money supply?

(b) How much excess reserves are there?

(c) What is the money multiplier?

(d) What is the available lending capacity?

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Business Economics: How large is the money supply how much excess reserves are
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