Goldsmiths Are Considered to Be the Forerunners of Modern Banks

question 70

Multiple Choice

Goldsmiths are considered to be the forerunners of modern banks because they:

• A)had safes to keep gold secure.
• B)issued gold coins.
• C)created money by lending out gold reserves.
• D)created legal tender.
• E)verified the quality of money.

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Definitions:

Dominating Roles

Positions or characters in a group or situation that exercise control or authority over others.

Brainstorming

A creative group problem-solving technique that involves the rapid and free flow of ideas.

Collaborative Writing

The practice of co-authoring documents with one or more individuals, integrating multiple contributions into a cohesive whole.

Intellectual Process

Refers to the mental operations involved in understanding, analyzing, and synthesizing information.