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Assume that the currency-deposit ratio is 0.11, the required reserve ratio is 0.05, and the excess
reserves to deposit ratio is 0.14. If the monetary base is $6 trillion, find (a) the amount of
currency in circulation in trillions of dollars; (b) required reserves in trillions of dollars; (c)
excess reserves in trillions of dollars; (d) simple deposit multiplier which ignores leakages; (e)
Actual money multiplier; and (f) Money supply in trillions of dollars. (Round all answers to one
decimal point)

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