18 Aug I need to answer each of the following questions completely.

I need to answer each of the following questions completely. There is no word or length requirement, just that the question be answered in full.1) The equation of Exchange is MV = PQ. Research it, and define what M, V, P and Q mean (Definitions).2) Why didn’t the Federal Reserve save The Banking system during the great depression?3)List the major powers transferred from the states to the Federal Government (it can be found at the beginning of the chapter “Hard Realities fir a new nation.”4)When writing our constitution, our founding fathers focused carefully on the question of state versus national interest, and it was left implicit that “Powers not delegated to the Federal government or forbidden to the states were reserved to the states (or the people). Local laws, civil conduct and the like are then to be decided by the people (The states). Now this it is relevant today, discuss briefly, whether Sanctuary Cities, legalization of marijuana, abortion or gay marriages are constitutionally the right of the states to resolve.5)Define what it is an ‘Indenture.’ Please comment on the following few questions: Is it ”quasi-slavery’? What the cost? What is benefit? Was it good for the colonies?