Question 5 Item Cash held by public Transactions deposits Required reserves Excess reserves U.S. bonds held by public Amount $ 250 billion $1,000 billion $ 150 billion $ 0 billion $1,000 billion Table 14.1 Monetary Aggregates of the U.S. Financial System Assume an original balance sheet: The level of total reserves in Table 14.1 is $1,150 billion. $150 billion. $250 billion. $400 billion