A goldsmith could hold some gold in reserve for depositors’ withdrawals, but ________________ excess gold and thereby make a pro

Question

attashe74 [19]

4 years ago

13

A goldsmith could hold some gold in reserve for depositors’ withdrawals, but ________________ excess gold and thereby make a pro

fit from depositors’ funds.

Business

1 answer:

kobusy [5.1K] · Answer 1 · 2022-01-30T21:28:41+03:00

kobusy [5.1K]4 years ago

8 0

The answer to this question is "loan out".

A goldsmith could hold some gold in reserve for depositor's withdrawals, but "LOAN OUT" excess gold and thereby make a profit from the depositor's funds. This loan out is also refer to the long term financing.