Asked by

Deshanaye Jelks
on Nov 11, 2024

verifed

Verified

_____ were the first bankers.

A) Seigniors
B) Governments
C) Savings and loan institutions
D) Farmers
E) Goldsmiths

First Bankers

This refers to individuals or institutions that were among the earliest to engage in banking activities, such as accepting deposits and making loans.

Goldsmiths

Historically, craftsmen who made objects out of gold, but in financial history, they are known for keeping gold deposits and issuing paper bank notes redeemable for gold.

  • Recognize the historical development of money and banking, including the role of early bankers.
verifed

Verified Answer

KM
Kavya MogaveeraNov 12, 2024
Final Answer:
Get Full Answer