Using data from the St. Louis Federal
Reserve (FRED) (http://research.stlouisfed.org/
fred2/), analyze the money supply.
a. Find the most recent values from FRED
for the Currency Component of M1
(CURRNS), Total Checkable Deposits
(TCDSL) and Excess Reserves of
Depository Institutions (EXCRESNS).
b. Using the data found above, calculate the
value of the currency ratio.
c. Using the data found above, calculate the
value of the excess reserve ratio.
d. Using the data found above and assuming a
required reserve ratio of 11%, calculate the
value of the money multiplier.