Use the following information to answer the next 3 questions. Radon Bank has $400 million in transaction deposits on its balance sheet. The Fed's reserve requirement is currently 6 percent of transaction deposits, but they are considering reducing the reserve requirement to 5 percent. Radon withdraws all excess reserves and gives out loans, and that borrowers eventually return all of these funds to Radon in the form of transaction deposits. Find Radon's loan entry on its balance sheet prior to the change in the reserve requirement. Enter you answer in terms of millions (EX: enter 10 for 10 million dollars). QUESTION 6 Find Radon's loan entry on its balance sheet after the Fed adjusts its reserve requirement. Enter your answer in terms of millions. (EX: enter 10 for 10 million dollars). QUESTION 7 Radon will need at least 24 million dollars in its reserve account with the Fed after the change in the reserve requirement takes effect. True False