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Question
A goldsmith who operated under strict 100 percent reserve requirements
a. was similar to today's depository institutions.
b. served only a safekeeping function in the economy.
c. was able to make loans by issuing deposit receipts to borrowers.
d. acted as an important credit institution in the local economy.
e. All of the above.
Answer
This answer is hidden. It contains 1 characters.
Related questions
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Q:
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