Answer:
Maximum money that bank can lend is $50,000
Explanation:
Given data:
Amount deposit is $10,000
reserve ratio is 0.20
Maximum money that bank can lend is calculated as
maximum money = (deposit - reserve)× money multiplier
money multiplier 
money multiplier
and reserve is zero hence
maximum money = (10,000 - 0)× 5
maximum money = $50,000
Answer:
An indifference curve describes how a consumer is indifferent to goods and services and its various combinations at a given total earnings. Demand and consumption forms the primary base of the indifference curve and the curve is usually drawn from the position of the customer involved.
PPC means production possibility curve and it helps in the enlightenment of the production possibilities of two different set of goods. Production, technology and available resources forms its primary base and the curve is usually drawn from the position of an economy in perspective.
Answer: The divine right of kings.
Explanation:
Absolutism is the political position that describes the king as having the absolute power of a region or country, and there are no divisions of power superior to the king; that is to say <em>"the will of the king is absolute"</em>.
In these systems, the king has the power to make laws, exercise legal judgments, appoint members of his cabinet, or eliminate and create branches of government.
Currently, some examples of absolute monarchies are Saudi Arabia and Vatican City.
<em>I hope this information can help you.</em>
FEUDALISM AND THE MANORIALISM
During the early part of the Middle Ages, kings were too weak to keep invaders out of their
kingdoms. People began to leave towns and cities, banding together in the countryside for
protection and survival.
Everyone had a well-defined place in medieval society. People were born into their social
positions, and there was little chance of moving beyond them.
The nobility consisted of the kings and queens, greater lords, lesser lords, and knights. The elite
class of nobles controlled the land and power.
The lower class of peasants, who made up the bulk of the population, worked the land and
served the nobles.
The clergy was highly respected, due to the fact that the Christian Church dominated life during
the Middle Ages
