Suppose People Are Holding $100 Million of Currency, Total Deposits

Multiple Choice

Suppose people are holding $100 million of currency, total deposits in the banking system are $2,000 million, and bank reserves are $400 million. In this case,

A) the supply of money is $2,100 million.
B) the supply of money is $2,400 million.
C) the supply of money is $2,500 million.
D) the supply of money is $2,000 million.
E) we do not have enough information to determine the money supply.