Total bank reserves: $34 billion
Total bank deposits: $600 billion
Cash held by public: $200 billion
Bonds held by public: $220 billion
Stocks held by public: $140 billion
Gross domestic product: $ 6 trillion
Interest rate 6 percent
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?