Henry Trudeau Deposits $2,000 in Currency in the First Street

question 32

Multiple Choice

Henry Trudeau deposits $2,000 in currency in the First Street Bank.Later that same day Jane Harris negotiates a loan for $5,400 at the same bank.This loan alone will:

• A)increase the supply of money by $2,100.
• B)increase the supply of money by $3,300.
• C)increase the supply of money by $5,400.
• D)decrease the supply of money by $3,300.

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Definitions:

Misrepresentation

The act of providing false or misleading statements that induce someone to enter into a contract.

Legal Misrepresentation

An untrue assertion of reality presented by one individual to another, resulting in the latter being persuaded to enter into an agreement.

Concealing

The act of hiding, covering, or keeping something secret, often with the intent to deceive or defraud.

Termite Infestation

The presence and dwelling of termites in a structure, causing damage and potentially undermining the integrity of the property.