Before Banking Became Prominent in the Nineteenth Century,affluent People Had

question 19

Multiple Choice

Before banking became prominent in the nineteenth century,affluent people had a lot of all but which of the following?

• A)cash
• B)jewels
• C)livestock
• D)slaves
• E)land

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Definitions:

Real Estate

Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water.

Judgment Debtor

An individual or entity ordered by a court to pay a sum of money to another as a result of a legal judgment.

Creditor

An individual or institution to whom money is owed by a debtor.

Guarantor

A person or entity that agrees to be responsible for another's debt or performance under a contract if the original party fails to meet their obligations.