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Who was the first theorist to outline the essential characteristics of a bureaucracy?
Paper Money
Currency issued by a government or central bank in the form of paper notes and used as legal tender for transactions.
Goldsmiths
Historically, craftsmen who made and traded gold items, but also pivotal in the development of banking as they stored and lent money.
Gold Standard
An economic system where a fixed amount of gold serves as the standard unit of currency.
Branch Banking
Refers to a banking system where a single bank operates multiple outlets or branches, providing a range of banking services in different locations.
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