Given the following data, answer four questions about the money supply and the money multiplier.Hi please help me with my homework. plese provide step by step solutions. thanks. 

Week 8: Homework i Saved 4 Given the following data, answer four questions about the money supply and the money multiplier. 10 points Value Total reserves: $28 billion Transactions deposits: $500 billion $200 billion eBook Cash held by public: Bonds held by public: $650 billion Stocks held by public: $110 billion Ask Gross domestic product: $8 trillion Interest rate: 4 pecent Required reserve ratio: 0.05 Print References a. How large is the money supply (M1)? billion b. How much excess reserves are there? billion 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