Identify each of the statements regarding goldsmiths and the evolution of banks as either true or false. Receipts for gold deposits were nontransferable. Because what became paper money issued by goldsmiths depended on the amount of gold deposited, goldsmiths could not actually create money. The earliest banks backed deposits 100% with gold. Early banks' ability to create money was limited only by the goldsmiths' prudence and judgement. The development of paper money and the banking system was due in large part to convenience.

while setting up his new office, an attorney ordered thick, frieze carpets for the floor. however, the building inspector had him remove the expensive carpeting. the building inspector stated that according to federal regulations, the office must be wheelchair accessible as it is a public area. he further explained that since wheelchairs do not maneuver well in thick, frieze carpeting, the carpets had to be removed and be replaced with smooth-textured carpets that do not restrict wheelchair maneuverability. this scenario illustrates how a company is influenced by the component of its specific environment.

Popeye produces 20 cans of spinach in 8 hours. wimpy produces 15 hamburgers in 10 hours. if each hamburger trades for 1.5 cans of spinach, then: a.wimpy’s production and productivity are greater than popeye’s. b.popeye’s production is greater than wimpy’s, but his productivity is less. c.wimpy’s production is greater than popeye’s, but his productivity is less. d.popeye’s production and productivity are greater than wimpy’s.

Double corporation acquired all of the common stock of simple company for