Answer: The deposit-creation potential of the banking system is $500 million.
Explanation: To solve: take the money that the banking system has in excess reserves $50 million and multiply it by the reserve ratio of 10%. $50,000,000 x 10 = $500,000,000
Answer:
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Explanation:
René Descartes is generally considered the father of modern philosophy. He was the first major figure in the philosophical movement known as rationalism, a method of understanding the world based on the use of reason as the means to attain knowledge.
Lack of usable land, and poor conditions of soil
