After the transaction in Table 13-1 is completed, what happens to actual reserves, required reserves, and excess reserves? Assume the required reserve ratio is 25 percent

a. Actual reserves increase by $10 million, required reserves increase $2.5 million, and excess reserves increase by $7.5 million.
b. Actual reserves decrease by $10 million, required reserves decrease $2.5 million, and excess reserves decrease by $7.5 million.
c. Actual reserves increase by $10 million, required reserves are unchanged, and excess reserves increase by $10 million.
d. Actual reserves decrease by $10 million, required reserves decrease by $10 million, and excess reserves are unchanged.