Knowing that the economy of Elmendyn contains 2,000 $1 bills: A. If people held all money as currency, the money is circulated in the economy. The quantity of money would be $ 2000. B. If people hold all money as demand deposits, and banks maintain 100 percent reserves, the quantity of money will still be $ 2000. Demand deposit is an account that lets you withdraw without further notice. A bank reserve is the currency that the bank does not lend to the public. In this situation, the money circulating in the economy is $ 2000. C. If people hold equal amounts of currency and demand deposits, and banks maintain 100 percent reserves, the quantity of money is $ 2000. In this situation, the currency is $1000 and the demand deposit is another $1000. With this the total amount of money circulating in the economy is $ 2000. D. If people hold all money as demand deposits and banks maintain a reserve ratio of 10 percent, the answer is $20 000. The calculation can be done through this: 10 x (2,000 - C)=D When all money is held as a deposit, there is no currency (C=0) So 10 x (2,000 - 0) = D D = $20,000 E. If people hold equal amounts of currency and demand deposits and banks maintain a reserve ratio of 10 percent, the quantity of money is $3,636. In this situation, it is given that the amount of currency is equal to the amount of demand deposit. So the calculation is this: 10 x (2,000-C)=D 10 x (2,000-D)=D $20,000 - 10D =D $20,000 =11D 1,818=D Since C=D, C is also 1,818 C+D= $3,636
During this time in the Romantic Era, the umbrella term "classical music" began to be accessible for all people and not just the group of elitist social upper class. A more diverse group of people started to attend concerts.
I addition to this, there were more woman composers. Woman not only started to write music but also started to perform and teach music as well. Some of these women include Fanny Mendelssohn and Anna Maria Mozart
In the Romantic Era, there was a deep sense of nationalism as well. There was pride in homeland and traditions embedded in music including folk songs and dances.
