Suppose the following data apply: 102 Total bank reserves: Total bank deposits: Cash held by public: Bonds
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Suppose the following data apply: 102 Total bank reserves: Total bank deposits: Cash held by public: Bonds held by public: $ 6 billion $100 billion $ 10 billion $220 billion $140 billion Stocks held by public: Gross domestic product: $ 5 trillion 6 percent Interest rate: Required reserve ratio: 0.05
(a) How large is the money supply?
(b) How much excess reserves are there?
(c) What is the money multiplier?
(d) What is the available lending capacity?
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