. By what dollar amount could the money supply potentially grow as a result of this Open Market Operations purchase?

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Assume a minimum reserve requirement of 6 ¼%. Also assume there is an Open Market Operations purchase of U.S. Treasury securities in the amount of $1,000,000. The seller of the U.S. Treasury securities deposits the $1,000,000 into her account at Chase. By what dollar amount could the money supply potentially grow as a result of this Open Market Operations purchase? Show your work.

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