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"Hello. How are you?"
"Fine, thanks. And you?"
"I'm good."
"Hey! What's up?"
"Oh, I'm studying for the test. What's up with you?"
"Oh, the same."
Susan: "Hey, Pamela. How've you been?'
Pamela: "Great, Susan! I've been working a lot lately. How've you been?"
Susan: "Oh, not so well."
Pamela: "Oh? What's been going on?"
The greeting "How have you been" is usually said to ask how has a person been doing since their last meeting. If two people haven't seen one another in a long while, greeting a person this way indicates that you are interested in knowing the life events over the duration of time missed.