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Loraine Loraine
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9 years ago
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.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SmooothSmoooth
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9 years ago
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9 years ago
My pleasure Happy Dummy
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