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LO14-23. Assume that the following data describe the condition of the banking system: Assets LIabilities (In Billions) (In Billions) Total reserves $ 30 Transactions accounts

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LO14-23. Assume that the following data describe the condition of the banking system: Assets LIabilities (In Billions) (In Billions) Total reserves $ 30 Transactions accounts $400 Securities 190 Loans 180 Total $400 Total $400 (a) How large is the money supply (M1)? (b) How large are required reserves? (c) How large are excess reserves? (d) What is the money multiplier

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