ECON: MACRO4 (with CourseMate, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
4th Edition
ISBN: 9781285423623
Author: William A. McEachern
Publisher: Cengage Learning
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Chapter 13, Problem 1.3PA
To determine
the ways of London goldsmiths functioning as early banks.
Concept Introduction: A bank is a financial institution that accepts deposits from the public and creates credit. Before the introduction of a monetary system there were many instances of transactions involving credit. The banking system revolutionized gradually to offer better services and grow with the economy.
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Chapter 13 Solutions
ECON: MACRO4 (with CourseMate, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
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