can you please help me out to solve those two question please answer both of them. thanks
The structure of the Federal Reserve System guarantees its political independence and its respect for different economic interests across the country. Agree or disagree with each "guarantee" and explain why.
If a simple economy has a required reserve ratio of 15%, what is the maximum potential deposit expansion that could occur following a primary deposit of $10 million? What is the money multiplier? (Show your work.) Identify two leakages that are likely to reduce the multiplier in a complex economy.