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Problem

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

question

If a bank has 1000incheckingdepositsandthebankisrequiredtoreserve1000 in checking deposits and the bank is required to reserve 250 what is the reserve ratio? How much does the bank have in excess reserves? What is the size of the money multiplier?
Plain-text mathematical notation (without MathML)
If a bank has 1000incheckingdepositsandthebankisrequiredtoreserve250 what is the reserve ratio? How much does the bank have in excess reserves? What is the size of the money multiplier?
Original LaTeX notation
If a bank has $1000 in checking deposits and the bank is required to reserve $250 what is the reserve ratio? How much does the bank have in excess reserves? What is the size of the money multiplier?

category

economics

options

  1. 75% $250 M = 4
  2. 25% $750 M = ¼
  3. 30% $700 M = 3.33
  4. 40% $600 M = 2.5
  5. 50% $500 M = 2
  6. 60% $400 M = 1.67
  7. 25% $750 M = 4
  8. 35% $650 M = 2.86
  9. 20% $800 M = 5
  10. 75% $750 M = ¼

src

ori_mmlu-high_school_macroeconomics

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Source and history

upstream_id / Original problem ID
7561
task_id
290d71de-8639-5002-9028-efe6851b2fa5
task_key
default--test--7561
task_revision_id
1
config / split
default / test

Official source

initial import