Which of the Following Describe the "Invention" of Banking

question 288

Multiple Choice

Which of the following describe the "invention" of banking?

• A)The British Empire created a banking system to fund its exploration of the New World.
• B)Members of the New York Stock Exchange founded the Bank of America in the 1700s.
• C)Goldsmiths in the sixteenth century issued gold receipts which entitled its owners to reclaim their gold on demand.
• D)Clergy in the Renaissance created the banking system to help further the growth of the church.
• E)The United States government founded the Federal Reserve in 1913.

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Definitions:

Melanoma

A type of skin cancer that originates in the melanocytes, the cells responsible for pigment production, known for its potential to be more aggressive and metastasize if not treated early.

Pigmentation

The coloring of an organism's skin, hair, or eyes due to the deposition of pigments.

Miliaria

A skin condition characterized by small, raised bumps and possibly itchiness due to blocked sweat ducts.

Prickly Heat

A skin rash caused by blocked sweat ducts and trapped sweat beneath the skin, often occurring in hot, humid conditions.