European Banks Began with Which of the Following

question 81

Multiple Choice

European banks began with which of the following?

• A) Monarchs were the first bankers, lending out cash to help the poor learn a craft.
• B) Churches were the first bankers, lending out cash to help the poor learn a craft.
• C) Goldsmiths were the first bankers, and the paper receipts they issued for gold held on deposit became valued as money.
• D) Fishermen were the first bankers, and the paper receipts they issued for the fish they stored in the hulls of their ships became valued as money.

Utilize appropriate statistical tools to improve process understanding.

Implement strategies for process improvement and capability analysis.

Understand the significance of sample size and sampling frequency in process monitoring.

Interpret the implications of out-of-control signals and take corrective actions accordingly.