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Assume that Smith deposits $100 in currency into her checking account In the XYZ Bank. Later that same day, Jones negotiates a loan for $1,400

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Assume that Smith deposits $100 in currency into her checking account In the XYZ Bank. Later that same day, Jones negotiates a loan for $1,400 at the same bank. In what direction and by what amount has the supply of money changed? Multiple Choice O Increased by $1,400 O decreased by $100 O increased by $1,500 increased by $100

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