Goldsmiths Were Able to Practice an Early Form of Fractional

question 247

Multiple Choice

Goldsmiths were able to practice an early form of fractional reserve banking because they knew that

• A) people were relatively unsophisticated in their financial transactions.
• B) gold was the major form of money.
• C) not all depositors would claim their gold at the same time.
• D) gold did not serve as a unit of account.

---

Definitions:

Prehospital Orders

Directives given by healthcare professionals that outline specific interventions or treatments to be administered by emergency medical services before a patient reaches a hospital.

Grief

The emotional response to loss or bereavement, characterized by feelings of sadness, anger, guilt, and a range of other emotions.

Support Network

A group of individuals who provide emotional, informational, and practical support, often crucial during recovery or challenging life events.

Acknowledge Loss

The act of recognizing and accepting the fact of a loss, which could be emotional, financial, or physical.