The Money Supply Is 1,500,of Which 500 Is Currency Held

There is $5,000,000 of currency in Econland,all held by banks as reserves.The public does not hold any currency.If the banks' desired reserve-deposit ratio is 25%,then the money supply equals A) $5,000,000. B) $6,250,000. C) $10,000,000. D) $20,000,000. E) $25,000,000.

The amount of money in Canada is determined by A) the Bank of Canada. B) the commercial banks. C) the public. D) the combined behaviour of the commercial banks and the public. E) the combined behaviour of the commercial banks and the public,and the actions of the Bank of Canada.