The percentage of foreign-born people living in the U.S. continued to rise after the Civil War

The European Central Bank is located in ______, probably as a result of ______ influence on European monetary policy because of its above-average economic performance.

A) London; Britain's B) Paris; France's C) Frankfurt; Germany's D) Geneva; Switzerland's

A bank receives a demand deposit of $2,000 . The bank loans out $1,200 of this deposit and increases its excess reserves by $600 . What is the required reserve ratio?

a. 10% b. 30% c. 40% d. 60%