a. How large is the money supply (M1)? b. How much excess reserves are there? Instructions: Round your response to two decimal places. c. What is the money multiplier? d. What is the available lending capacity of the banking system? billion billion billion Value Total reserves: $48 billion Transactions deposits: $600 billion Cash held by public: $400 billion Bonds held by public: $250 billion Stocks held by public: $205 billion Gross domestic product: $8 trillion Interest rate: 5 pecent Required reserve ratio: 0.07