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MMLU-Pro / 7033 / If a bank has 500incheckingdepositsandthebankisrequiredtoreserve50…

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

If a bank has 500incheckingdepositsandthebankisrequiredtoreserve500 in checking deposits and the bank is required to reserve 50 what is the reserve ratio? How much does the bank have in excess reserves?
Plain-text mathematical notation (without MathML)
If a bank has 500incheckingdepositsandthebankisrequiredtoreserve50 what is the reserve ratio? How much does the bank have in excess reserves?
Original LaTeX notation
If a bank has $500 in checking deposits and the bank is required to reserve $50 what is the reserve ratio? How much does the bank have in excess reserves?

category

economics

options

  1. 5 percent $475 in excess reserves
  2. 10 percent $50 in excess reserves
  3. 30 percent $350 in excess reserves
  4. 60 percent $200 in excess reserves
  5. 80 percent $100 in excess reserves
  6. 50 percent $250 in excess reserves
  7. 90 percent $450 in excess reserves
  8. 20 percent $400 in excess reserves
  9. 10 percent $450 in excess reserves
  10. 90 percent $50 in excess reserves

src

ori_mmlu-high_school_macroeconomics

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Source and history

Official source

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