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
http://www.p12.nysed.gov/assessment/ss/hs/framework/ghg2/rubric-prototype-crqs.pdf
The answer is D, they worked to expose the corrupt businesses like Boss Tweed.
Answer:
4) downward mobility
Explanation:
Social mobility is the movement of the citizens, individuals, families, or the groups through the system of the social stratification or hierarchy.
If the movement involves the loss in the social class and the economy, it is known as downward mobility.
Thus, in the given case study in which the people after the recession, lost their jobs, house and many other circumstance, shows that it was a time of downward mobility for these people.