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Goldsmith's Receipts
Goldsmith's Receipts were historically issued by goldsmiths in the form of promissory notes against the gold deposited with them, leading to the development of banking.
NOW Accounts
Interest-earning banking accounts that permit writing checks against the deposited funds.
Interest-Bearing
Pertaining to financial instruments or accounts that generate interest income over time for the holder, such as bonds or savings accounts.
Largest United States Bank
Refers to the biggest bank in the United States by assets or market capitalization, often a title held by major institutions like JPMorgan Chase or Bank of America.
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