miguegen5032 miguegen5032
  • 11-11-2021
  • Business
contestada

which statement best illustrates the history of the fractional banking system?

Respuesta :

zoeag zoeag
  • 13-11-2021

Answer:

A goldsmith accepts deposits of gold and issues paper receipts in excess of the amount of gold held; reserves are a fraction of the money supply.

Explanation:

Answer Link

Otras preguntas

2LiOH+H2SO4=2H2O+Li2SO4 Which compound is acting as an acid in this reaction LiOH H2SO4 H2O Li2SO4
By 1900, eighty percent of Russians were associated with _______. a. communists c. agriculture b. industrialization d. capitalism
Why were few court cases won against monopolies and trusts during the Gilded Age?
relationship between Parliament and the Restoration monarchs, Charles II and James II, change following the English Civil War?
Which statement best describes the significance of the Magna Carta? A. It took all war-making power out of the king's hands and gave it to Parliament. B.
When a gas expands isobarically, the product of the pressure and change of volume is equal to which one of these statements?
A 3.00-g copper penny at 25.0°C drops from a height of50.0 m to the ground. ( a. If 60.0% of the change in potentialenergy goes into increasing the internal ene
What statement best defines the term Exodus?
what scientific belief did francis bacon and rene descartes share
how to get past a school firewall first one to tell me get brainliest and i want a legit answer