Given the following data, answer four questions about the money supply and the money multiplier. 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 $ 55 billion $ 500 billion $ 400 billion $ 400 billion $ 140 billion $8 trillion 6 percent 0.10 Instructions: Enter your responses as a whole number. 4 a. How large is the money supply (M1)? billion b. How much excess reserves are there? billion c. What is the money multiplier?

Given the following data, answer four questions about the money supply and the money multiplier. 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 $ 55 billion $ 500 billion $ 400 billion $ 400 billion $ 140 billion $8 trillion 6 percent 0.10 Instructions: Enter your responses as a whole number. 4 a. How large is the money supply (M1)? billion b. How much excess reserves are there? billion c. What is the money multiplier?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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