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Kim, we would say that it is one covenant (the same from OT to NT) but two different administrations. How did the benefits and revelation and disposing of the covenant change from Old to New?
The old saw shadows and signs as through a glass dimly, the new saw Christ in his fullness. The Cross is the full revelation of God's attributes and spoke about in the OT. This is the brief answer - one covenant, old and new administrations.
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