Assume that the following data characterize a hypothetical economy: money supply = $100 billion; quantity of money demanded for transactions = $65 billion; quantity of money demanded as an asset = $25 billion at 8 percent interest, increasing by $5 billion for each 2-percentage point fall in the interest rate.

a)What is the equilibrium interest rate?

Equilibrium interest rate =

b)At the equilibrium interest rate, what is the quantity of money supplied?

Money supplied =

c)At the equilibrium interest rate, what is the total quantity of money demanded?

Money demanded =

d)At the equilibrium interest rate, what is the quantity of money demanded for transactions?

Money demanded for transactions =

e)At the equilibrium interest rate, what is the quantity of money demanded as an asset?