(04.01 MC)Question refers to the excerpt below.”It is to be…

(04.01 MC)Question refers to the excerpt below.”It is to be regretted that the rich and powerful too often bend the acts of government to their selfish purposes. Distinctions in society will always exist under every just government. Equality of talents, of education, or of wealth cannot be produced by human institutions. In the full enjoyment of the gifts of Heaven and the fruits of superior industry, economy, and virtue, every man is equally entitled to protection by law; but when the laws undertake to add to these natural and just advantages artificial distinctions, to grant titles, gratuities, and exclusive privileges, to make the rich richer and the potent more powerful, the humble members of society—the farmers, mechanics, and laborers—who have neither the time nor the means of securing like favors to themselves, have a right to complain of the injustice of their Government.”Source: Andrew Jackson, from Veto of the Bank Bill, 1832Jackson’s assertion in his veto message was that the Second Bank of the United States was

(04.04 MC) Use the data table to answer the following questi…

(04.04 MC) Use the data table to answer the following question. Assets (billion $) Liabilities (billion $) Total reserves 3,000 Deposits 18,000 Loan 15,000   Total 18,000 Total 18,000 Assume the required reserve ratio to be 10%. Is the bank holding any excess reserve? If so, then what is the magnitude of the excess reserve?