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MMLU-Pro / 7132 / Mr. Jones is president of the First National Bank of St. Louis and wishes to…

Problem

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

question

Mr. Jones is president of the First National Bank of St. Louis and wishes to determine if his bank is holding too much of its demand deposits as reserves. The bank's total deposits = $1,700,000 and the reserve ratio is 20%. If Mr. Jones finds that reserves = $850,000 what might he conclude about excess reserves?
Plain-text mathematical notation (without MathML)
Mr. Jones is president of the First National Bank of St. Louis and wishes to determine if his bank is holding too much of its demand deposits as reserves. The bank's total deposits = $1,700,000 and the reserve ratio is 20%. If Mr. Jones finds that reserves = $850,000 what might he conclude about excess reserves?
Original LaTeX notation
Mr. Jones is president of the First National Bank of St. Louis and wishes to determine if his bank is holding too much of its demand deposits as reserves. The bank's total deposits = $1,700,000 and the reserve ratio is 20%. If Mr. Jones finds that reserves = $850,000 what might he conclude about excess reserves?

category

economics

options

  1. $340,000
  2. $600,000
  3. $425,000
  4. 25%
  5. 10%
  6. $510,000
  7. $1,700,000
  8. 30%
  9. $255,000
  10. 15%

src

stemez-Economics

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Source and history

upstream_id / Original problem ID
7132
task_id
d6c8efdc-7413-5ae8-8d3e-2175334cf3c0
task_key
default--test--7132
task_revision_id
1
config / split
default / test

Official source

initial import