Asked by
Deshanaye Jelks
on Nov 11, 2024Verified
_____ 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.
Verified Answer
KM
Learning Objectives
- Recognize the historical development of money and banking, including the role of early bankers.