The money supply is $12.5 million, currency held by the nonbank public is $2.5 million, and the reservedeposit ratio is 0.25. Use the M1 definition of money supply and show all your work. (a) What is the quantity of bank deposits? (b) What is the quantity of bank reserves? (c) What is the quantity of the monetary base?

(d) What is the money multiplier (give a number)