When Goldsmiths Issued Receipts to Gold Owners,and Those Gold Receipts

question 264

Multiple Choice

When goldsmiths issued receipts to gold owners,and those gold receipts circulated while gold stayed in the goldsmiths' safes,

• A)the gold receipts were considered money because they were used as a means of payment.
• B)an infant banking system developed in sixteenth century Europe.
• C)fiat money was created.
• D)money was invented.
• E)Both A and B are correct.

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Definitions:

Semilunar Valves

Heart valves located at the bases of the large arteries that leave the heart; they prevent blood from flowing back into the heart.

AV Valves

The atrioventricular valves, consisting of the tricuspid and mitral valves, regulate blood flow from the atria to the ventricles in the heart.

Left Ventricle

The chamber of the heart that receives oxygen-rich blood from the left atrium and pumps it out to the body through the aorta.

Ventricular Systole

Ventricular systole is the phase of the cardiac cycle during which the ventricles contract, pumping blood out of the heart and into the circulatory system.