Total bank reserves nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp, Ask an Expert

Economics

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?

(d) What is the available lending capacity?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91918712

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