Assume that smith deposits $500 in currency into her checking account in the XYZ bank. Later that
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Question:
Assume that smith deposits $500 in currency into her checking account in the XYZ bank. Later that same day, Jones negotiates a loan for $2,000 at the same bank. In what direction and by what amount has the supply of money changed?
A. increased by $2,000
B. decreased by $500
C. increased by $2,500
D. increased by $500
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