Supposethat:

r= required reserve ratio= 0.15

c = {C/D}= currency ratio= 0.45

e= {ER/D}= excess reserves ratio= 0.03

t= {T/D}= time deposit ratio= 1

mm= {MM/D}= money market fund ratio= 0.50

MB= the monetary base= $3,000 billion

Given that the formula for the M2 money multiplier is m2=1+c+t+mmr+e+c, find the value for the M2 money supply.

The M2 money supply is $

nothing

billion. (Round your response to the nearest wholenumber.)