The Goldsmith's Ability to Create Money Was Based on the Fact

question 177

Multiple Choice

The goldsmith's ability to create money was based on the fact that:

• A)gold receipts were rarely exchanged for gold.
• B)the goldsmith was required to keep 100 percent gold reserves.
• C)consumers preferred to use gold for transactions.
• D)withdrawals of gold tended to exceed deposits of gold.

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Definitions:

Five Kingdoms

A classification system that categorizes all living organisms into five major groups: Monera, Protista, Fungi, Plantae, and Animalia.

Outgroup Analysis

A method in phylogenetics used to help identify the evolutionary relationships between species by comparing characteristics with those of an external group.

Derived Characters

Attributes in organisms that are passed down from a common ancestor.

Organisms

Living entities that can carry out life processes independently or in a colony, such as animals, plants, and bacteria.