1. If the federal reserve purchases $100 million worth of government securities in open market operations, what is the maximum amount of change in the money supply if the reserve requirement is 8% and banks hold no excess reserves?

   	a.	Decrease by $1.25 billion
   	b.	Increase by $1.15 billion
   	c.	Increase by $1.25 billion
   	d.	Decrease by $1.15 billion