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Bogdan [553]
2 years ago
15

What are true statements about the history of the fractional banking system?

Business
1 answer:
Rudiy272 years ago
7 0

Answer:

----->Traders would deposit their gold with goldsmiths.

--->Goldsmiths issued paper receipts in excess of the amount of gold held.

--->Goldsmiths put the paper receipts into circulation by making loans.

Explanation:

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