11. Southern City Bank has $ 100 million in deposits and has $8 million in excess reserves. If the required reserve ratio
is 5%, which of the following is true?
A. The money multiplier is 20, and the bank can lend out up to $160 million
B. The money multiplier is 8, and the bank can lend out up to $20 million.
C. The money multiplier is 8, and the bank can lend out up to $5 million.
D. The money multiplier is 8, and loans can increase in the banking system by a maximum of $8 million.
E. The money multiplier is 20, and loans can increase in the banking system by a maximum of $160 million.

In my honest opinion , i’d say franklin d roosevelt was a president that impacted our nation , i say this because fdr is voted among top three best us presidents and he was the longest serving president by 3 terms , usually presidents only supposed to have two terms increments of 4 years , equivalent to 8 years total before election time. and he established the fdic , through the 1933 banking act and he established the us , social security system , during his presidency, and established a national minimum wage , through the fair labor standards act , fdr led the allied coalition to victory in wwii and he played a major role in the creation of the united nations.

Though typically, that which is called the  great schism  refers to the east-west  schism. it was the greatest  effect  of the east-west  schism  was the creation of two separate churches that had previously been mixed under one church, the eastern orthodox church and the roman catholic church.