The early goldsmiths issued money in the form of
A)coins made from gold in their safes.
B)receipts for the acceptance of gold deposits.
C)gold fragments left over from the production of jewelry.
D)fully backed gold certificates.

Question

Quizplus · Accepted Answer

The early goldsmiths issued money in the form of receipts for the acceptance of gold deposits. They would keep the gold in their safes and issue the depositor with a receipt for the amount deposited, which could then be used as a form of payment.

The Early Goldsmiths Issued Money in the Form of