Author Question: European banks began with which of the following? a. Monarchs were the first bankers, lending out ... (Read 27 times)

Mr. Wonderful · **on:** Jun 30, 2018

European banks began with which of the following?
a. Monarchs were the first bankers, lending out cash to help the poor learn a craft.
b. Churches were the first bankers, lending out cash to help the poor learn a craft.
c. Goldsmiths were the first bankers, and the paper receipts they issued for gold held on deposit became valued as money.
d. Fishermen were the first bankers, and the paper receipts they issued for the fish they stored in the hulls of their ships became valued as money.

Question 2

The poorest regions in the world, as measured by GDP per capita, are:
a. Latin America and the Caribbean. b. the Middle East and North Africa.
c. Sub-Saharan Africa and South Asia. d. Australia and New Zealand.