Question: Answer the next question based on the following consolidated balance sheet for the commercial banking system. Assume the required reserve ratio is 25%. All figures

Answer the next question based on the following consolidated balance sheet for the commercial banking system. Assume the required reserve ratio is 25%. All figures are in millions of dollars.

Assets Liabilities + Net Worth

Reserves $300 $800

Securities $400700

Loans $200

Property $600

Checkable deposits $800

Stock shares $700

(a) The amount of reserves required by the FED in this commercial banking system is equal to ________________

(b) The amount of excess reserves in this commercial banking system_________________________

(d) The monetary multiplier is equal to _______________________________

(e) The maximum amount of money supply that can be expanded through this commercial banking system is equal to

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