Multiple Choice
Early European banks were places for safekeeping of wealth because:
A) loans to the poor often carried high interest rates.
B) loans and deposits were primarily for wealthy customers.
C) the industrial revolution demanded new methods of making payments and obtaining credit.
D) savings and wealth were lost due to war,theft,and expropriation by governments.
E) All of the options are correct.
Correct Answer:

Verified
Correct Answer:
Verified
Q30: Banks that sell deposits and make loans
Q31: A(n)_ offers loans to commercial enterprises (such
Q32: Which of the following has been an
Q33: Banks which offer virtually all financial services
Q34: A bank which manages the investment portfolio
Q36: When a local merchant sells the accounts
Q37: The role performed by banks in the
Q38: Which of the following types of banks
Q39: A study of history shows that one
Q40: A bank that offers its services only