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Suppose that r = required reserve ratio = 0.15 C = {C/D} = currency ratio = 0.30 e = {ER/D} = excess reserve ratio =

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Suppose that r = required reserve ratio = 0.15 C = {C/D} = currency ratio = 0.30 e = {ER/D} = excess reserve ratio = 0.05 MB = the monetary base = $3,000 billion Given that the formula for the money multiplier is find the value for M. the money supply + e + The money supply is $ billion, (Round your response to the nearest whole number)

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