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Marina CMI [18]
3 years ago
14

The fractional reserve system of banking started when goldsmiths began: Select one: a. Accepting deposits of gold for safe stora

ge b. Charging people who deposited their gold c. Using deposited gold to produce products for sale to others d. Issuing paper receipts in excess of the amount of gold held
Business
1 answer:
Phoenix [80]3 years ago
6 0

Answer:

d. Issuing paper receipts in excess of the amount of gold held.

Explanation:

Fractional-reserve banking is practiced by all commercial banks. Such banks involve banks that accept deposits from various customers and make loans to other borrowers while keeping an amount in reserve that is equal to a part of the deposit liabilities of the bank.

The fractional reserve system of banking started when goldsmiths began issuing paper receipts in excess of the amount of gold held.

Option d. is correct.

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Answer:

see below

Explanation:

Mean is the average of a set of data or numbers. if the mean is 13, it implies that on average, the width of one iPad is 13cm.

a). Width of 12 iPads is 13cm.

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