The current balance sheet of the Iron Bank is given below. The reserve requirement is 10%. Assets Liabilities Reserves: \[\$3{,}000\] Loans: \[\$22{,}000\] Demand deposits: \[\$25{,}000\] Owners' equity: \[\$0\] If Hodor deposits \[\$100\] in the Iron Bank, what will be the dollar value of new loans that the Iron Bank can make? Choose 1 answer: Choose 1 answer: (Choice A) \[\$100\] A \[\$100\] (Choice B) \[\$90\] B \[\$90\] (Choice C) \[\$22{,}590\] C \[\$22{,}590\] (Choice D) \[\$500\] D \[\$500\] (Choice E) \[\$590\] E \[\$590\]