Who were most likely the first bankers?
A) carpenters
B) stockbrokers
C) goldsmiths
D) sea captains
Correct Answer:
Verified
Q48: Why are goldsmiths considered the forerunners of
Q49: When is money considered to be legal
Q50: What is fiat money backed by?
A) gold
Q51: When does fractional reserve banking occur?
A) when
Q52: What was the first step in the
Q54: What happens to the purchasing power when
Q55: Which of the following is an important
Q56: Who were the original bankers?
A) seigniors
B) governments
C) savings and
Q57: How is the value of money determined?
Q58: Why does fiat money have value?
A) because
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