History
History, 31.07.2019 05:20, theo39

Which of the following statements about the history of banks are true? check all that apply. (a) the amount of gold represented by warehouse receipts was less than the actual amount of gold on deposit.(b) goldsmiths were the first bankers and invented fractional reserve banking.(c) warehouse receipts, issued by goldsmiths were often used instead of gold itself to make payments.

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Which of the following statements about the history of banks are true? check all that apply. (a) th...

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