Author Question: Which of the following describes the invention of banking? A) Clergy in the Renaissance created ... (Read 103 times)

wrbasek0 · **on:** Jun 29, 2018

Which of the following describes the invention of banking?

A) Clergy in the Renaissance created the banking system to help further the growth of the church.
B) Goldsmiths in the sixteenth century issued gold receipts which entitled its owners to reclaim their gold on demand.
C) The United States government founded the Federal Reserve in 1913.
D) The British Empire created a banking system to fund its exploration of the New World.
E) Members of the New York Stock Exchange founded the Bank of America in the 1700s.

Question 2

Compare and contrast the world population with that of the United States. Is the United States becoming a larger or a smaller part of the world's population?

What will be an ideal response?

Bigfoot1984 · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

B

Answer to Question 2

The U.S. population was approximately 311 million in 2011. It is growing at a rate of about one person in every 12 seconds. The world population in 2011 was about 7 billion and is growing at a rate of 30 people in the same 12 seconds. Hence the United States is becoming a smaller fraction of the world's population.