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Business, 04.08.2021 15:10 davia97

Which of the following describes how goldsmiths create money? Group of answer choices The goldsmith allows customers to keep their gold in his vault. The goldsmith keeps some of the gold deposits that people give him for safekeeping. The goldsmith melts down jewelry that has gone out of style, thereby creating money. The goldsmith issues deposit slips for the gold he holds for other people, which begin to be accepted as a medium of exchange.

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Which of the following describes how goldsmiths create money? Group of answer choices The goldsmith...

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