Examlex
Which of the following is a first-class lever?
First Bankers
This refers to individuals or institutions that were among the earliest to engage in banking activities, such as accepting deposits and making loans.
Goldsmiths
Historically, craftsmen who made objects out of gold, but in financial history, they are known for keeping gold deposits and issuing paper bank notes redeemable for gold.
Medium Of Exchange
An intermediary instrument or system used to facilitate the sale, purchase, or trade of goods and services between parties.
Reserve Ratio
The portion of depositors' balances that banks must have on hand as cash, a regulatory requirement meant to ensure bank stability and liquidity.
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