If the required reserve ratio is 15 percent, currency in circulation is $400 billion, checkable deposits are $800 billion, and excess reserves total $0.8 billion a. Calculate the M1 Money Multiplier (5 points) b. If the Monetary Base now increases by $275 billion, how much would Money Supply increase by? ( 5 points) If the required reserve ratio is 15 percent, currency in circulation is $400 billion, checkable deposits are $800 billion, and excess reserves total $0.8 billion a. Calculate the M1 Money Multiplier (5 points) b. If the Monetary Base now increases by $275 billion, how much would Money Supply increase by? ( 5 points)