Suppose the Bank of Canada Buys $1,200 Worth of Canadian

Multiple Choice

Suppose the Bank of Canada buys $1,200 worth of Canadian government securities, and chequing deposits increase by $6,000 after all the rounds of the money-creation process are completed.What is the maximum value of the desired reserve ratio?  

A)  0.2 
B)  0.75 
C)  1.0 
D)  1.2