National Bank currently has $1,650 million in transaction deposits on its balance sheet. The current reserve requirement is 12 percent, but the Federal Reserve is decreasing this requirement to 10 percent. Answer the following questions: (Note: National Bank converts 70 percent of its excess reserves to loans and borrowers return 55 percent of these funds to National Bank as transaction deposits) a. What is the total change in bank deposits? $ -33.67 million h Shruth