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MMLU-Pro / 7534 / Suppose the FED adds …

Problem

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

question

Suppose the FED adds $500,000 to the reserves of the banking system. If the required reserve ratio is 30%, if banks maintain no excess reserves and if the public increases its holdings of currency by $200,000, what is the effect on the money supply?
Plain-text mathematical notation (without MathML)
Suppose the FED adds $500,000 to the reserves of the banking system. If the required reserve ratio is 30%, if banks maintain no excess reserves and if the public increases its holdings of currency by $200,000, what is the effect on the money supply?
Original LaTeX notation
Suppose the FED adds $500,000 to the reserves of the banking system. If the required reserve ratio is 30%, if banks maintain no excess reserves and if the public increases its holdings of currency by $200,000, what is the effect on the money supply?

category

economics

options

  1. $1,700,000
  2. $1,500,000
  3. $700,000
  4. $900,000
  5. $2,000,000
  6. $600,000
  7. $1,000,000
  8. $1,200,000
  9. $300,000
  10. $800,000

src

stemez-Economics

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Source and history

upstream_id / Original problem ID
7534
task_id
2b1c24ca-edf3-5c6b-a7d0-abe782504e32
task_key
default--test--7534
task_revision_id
1
config / split
default / test

Official source

initial import