Which of the following statements about the history of banks are true? check all that apply. (a) the amount of gold represented by warehouse receipts was less than the actual amount of gold on deposit.(b) goldsmiths were the first bankers and invented fractional reserve banking.(c) warehouse receipts, issued by goldsmiths were often used instead of gold itself to make payments.
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How did the magna carta affect the power of the english king? a) it closely linked the king's power to the power of the nobles. b) it weakened the king's power. c) it strengthened the king's power. d) it had no effect on the king's power.
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Which of the following statements about the history of banks are true? check all that apply. (a) th...
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