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The required reserve ratio for Jack's bank is 1 0 percent. If Jack deposits $ 2 , 0 0 0 cash in his checking account,

The required reserve ratio for Jack's bank is 10 percent. If Jack deposits $2,000 cash in his checking account, what is the amount of new money the bank would create when it lends out its excess reserves?
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$200
$1,800
$1,000

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