Given the Following Data, answer the four questions about the money supply and the money multiplier:

_________________________________________________Value_________________

Total Reserves : $25 Billion

Transactions Deposits: $800 Billion

Cash held by Public: $300 Billion

Bonds held by Public: $500 Billion

Stocks held by Public: $180 Billion

Gross domestic product: $8 Trillion

Interest Rate: 6 percent

Required reserve ratio: 0.03

a. How large is the money supply (M1)? __________ Billion

b. How much excess reserves are there? ___________Billion

Instructions: Round your response to two decimal places

c. What is the money multiplier? ________________

d. What is the available lending capacity of the banking system? _____________ Billion