Why Would a Goldsmith Ever Want to Print More Receipts

Multiple Choice

Why would a goldsmith ever want to print more receipts than the amount of gold deposited?

A) in a rational expectations equilibrium, gold was never withdrawn by the depositors
B) the goldsmith had acquired a good reputation and therefore was allowed by the depositors to print more receipts
C) the gold inventory was relatively stable over time so there was little withdrawal risk
D) the goldsmith simply wanted to save the depositors the unnecessary needs to convert receipts to gold
E) all of the above