Which of the Following Describes the "Invention" of Banking

question 360

Multiple Choice

Which of the following describes 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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Percentages

Numerical values expressed as a fraction of 100, used to describe proportions or ratios.

Significance Level

A threshold of probability set before an experiment to determine the acceptability of the evidence against the null hypothesis.

Student Body Proportions

The ratio or percentages of various groups within a school or college’s enrollment, such as by gender or race.

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First-year students at a high school, college, or university.