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Early European Banks Were Places for Safekeeping of Wealth Because

Question 35

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.

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