The Bank of Narayana is one of many banks in the financial system in the nation of Kocherlakota. Rai deposits \[\$1000\] in the Bank of Narayana. The reserve requirement in Kocherlakota is \[20\%\]. How much in new loans can this bank make as a result of this deposit? Choose 1 answer: Choose 1 answer: (Choice A) \[\$2000\] A \[\$2000\] (Choice B) \[\$1000\] B \[\$1000\] (Choice C) \[\$5000\] C \[\$5000\] (Choice D) \[\$200\] D \[\$200\] (Choice E) \[\$800\] E \[\$800\]