The Fractional Reserve System of Banking Started When Goldsmiths Began

question 154

Multiple Choice

The fractional reserve system of banking started when goldsmiths began

• A) accepting deposits of gold for safe storage.
• B) charging people who deposited their gold.
• C) using deposited gold to produce products for sale to others.
• D) issuing paper receipts in excess of the amount of gold held.

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Definitions:

Socially Desirable

Behaving in ways that are viewed positively by others, often to gain approval or avoid disapproval.

Personality

A combination of emotional, attitudinal, and behavioral response patterns of an individual.

Behavioral Measures

Observational or quantitative methods used to assess individuals' actions or behaviors in various contexts.

Sociable

Characteristic of enjoying being with people and interacting with them in a friendly manner.