Multiple Choice
Assume that Smith deposits $600 in currency in the XYZ Bank.Later that same day Jones negotiates a loan for $1,200 at the same bank.In what direction and by what amount has this single transaction changed the supply of money?
A) decreased by $1,200
B) increased by $1,200
C) increased by $600
D) increased by $1,800
Correct Answer:
Verified
Correct Answer:
Verified
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