Assume that the following data describe the condition of the banking system. Use this information to answer five questions. Total reserves $120 billion Transactions deposits $800 billion Cash held by public $300 billion Reserve requirement 0.10 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