1. Consider the following information: Bank Reserves = $ 1000 billion Currency = $ 800 billion ee) If banks are holding $160 billion in required reserves, and the required reserve ratio = 0.10, what is the value of checkable deposits? (5 points) b) Given this information, what is the value of the money supply (M1)? What is the value of the monetary base? What is the value of the money multiplier? (5 points) 1. Consider the following information: Bank Reserves = $ 1000 billion Currency = $ 800 billion ee) If banks are holding $160 billion in required reserves, and the required reserve ratio = 0.10, what is the value of checkable deposits? (5 points) b) Given this information, what is the value of the money supply (M1)? What is the value of the monetary base? What is the value of the money multiplier? (5 points)