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10 points 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? 7 points (Advanced analysis) Assume the equation for the total demand for money is L = 0.4 Y+ 80 - 41', where L is the amount of money demanded, Y is gross domestic product, and iis the interest rate. If gross domestic product is $500 and the interest rate is 4 percent, what amount of money will society want to hold? 10 points Suppose a commercial banking system has $40,000 of outstanding checkable deposits and actual reserves of $4,500. If the reserve ratio is 10 percent, the banking system can expand the supply of money by the maximum amount of