1. assume the reserve requirement is 10%. first national bank receives a deposit of $5,400. if there is no slippage, how much could the money supply expand? explain and show your work. (3 points for correct math. 7 points for analysis)

Money supply will increase by $54,000

Explanation:

Required reserve ration or r= 10% = 0.10

Initial deposits = $5400

We use the money multiplier formula to find out the value of the multiplier. It is given by,

Money multiplier shows us how much does the supply of money change for a change in the deposits. So, using the value of the multiplier = 10, we have change in money supply of,

Thus, the money supply in the economy will increase by $54,000

the central idea is that:

individuals should refuse to cooperate with institutions they believe unjust.

thoreau felt  that governments were more often agents of corruption than justice, even democracies, and that just because the majority feels a certain way does not make it just or correct in absolute terms. he uses the fact that slavery exists in our democracy to support this idea.

he goes on to say that, as a result, people should live true to their own internal laws regarding right and wrong, as a product of reflection and a moral life, rather than following every law that society imposes. 

step-by-step explanation:

step-by-step explanation:

answers available in this download

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