The moment modern banking was born was when
A) the number of goldsmiths' receipts exceeded the number of gold coins kept in goldsmiths' safes.
B) the number of gold coins kept in goldsmiths' safes was equal to the number of goldsmiths' receipts in circulation.
C) the number of gold coins in goldsmiths' safes exceeded the number of goldsmiths' receipts in circulation.
Correct Answer:
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