Which of the following is a typical example of monopolistic competition?

Expansionary monetary policy ________

A) lowers tax rates B) increases interest rates C) increases tax rates D) lowers interest rates

A bank reports reserves of $100,000, government securities of $250,000, loans of $750,000, checkable deposits of $900,000, and owners' equity of $200,000

The desired reserve ratio is 10 percent and the bank wants to hold as reserves only the amount it is required to hold. What is the amount of excess reserves for this bank? Show your work.