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    Exam 12: Money,Banking and the Financial System: Old Problems With New Twists
  5. Question
    Silversmiths Became Banks When They Started Lending Out Money Based
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Silversmiths Became Banks When They Started Lending Out Money Based

Question 109

Question 109

True/False

Silversmiths became banks when they started lending out money based upon the excess silver that they held for their customers.

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