Problem
1. Relate Shakespeare's admonition "Neither a borrower nor a lender be" to the goldsmiths' evolutionary use of fractional reserve banking.
2. If you deposit a $20 bill into a checking account and your bank has a 10 percent reserve requirement, by how much will the bank's excess reserves rise?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.