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Table 141
Monetary Aggregates of the U

question 47

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 Item  Amount  Cash held by public $250 billion  Transactions deposits $1,000 billion  Required reserves $150 billion  Excess reserves $0 billion  U.S. bonds held by public $1,000 billion \begin{array}{|l|r|}\hline {\text { Item }} & \text { Amount } \\\hline \text { Cash held by public } & \$ 250 \text { billion } \\\hline \text { Transactions deposits } & \$ 1,000 \text { billion } \\\hline \text { Required reserves } & \$ 150 \text { billion } \\\hline \text { Excess reserves } & \$ \quad 0 \text { billion } \\\hline \text { U.S. bonds held by public } & \$ 1,000 \text { billion } \\\hline\end{array}
Table 14.1
Monetary Aggregates of the U.S. Financial System Assume an original balance sheet: The level of total reserves in Table 14.1 is


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