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Assume that the following data describe the condition of the banking system. Use this information to answer five questions. Instructions: Enter your responses as a

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Assume that the following data describe the condition of the banking system. Use this information to answer five questions. Instructions: Enter your responses as a whole number. a. How large is the money supply (M1)? $ billion b. How large are required reserves? $ billion c. How large are excess reserves? billion d. What is the money multiplier? e. How much is the unused lending capacity? billion

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