Check answer

In an effort to stimulate the economy, the Federal Reserve decides to buy $5 million worth of gold. Assuming the required reserve rate is 15%, what is the maximum amount of total money that could result from this initial injection? a) $4,250,000 Ob) $5,000,000 c) $9,250,000 O d) $33,333,333.33 Oe) None of the above