Asked by
Dawson Gustafson
on Oct 13, 2024Verified
The first bankers were
A) goldsmiths.
B) printers.
C) storekeepers.
D) innkeepers.
E) blacksmiths.
First Bankers
Early financial intermediaries who accepted deposits, facilitated loans, and created ways to transfer wealth across great distances.
Goldsmiths
Historically, skilled artisans who made objects out of gold, but in economic context, also referred to as early bankers who issued loans and held deposits.
- Grasp the origins of banking and the evolution of money creation methods.
Verified Answer
TS
Learning Objectives
- Grasp the origins of banking and the evolution of money creation methods.