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Once goldsmiths started making loans, A. their receipts were no longer backed at all by gold. B. their outstanding receipts were greater than the amount

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Once goldsmiths started making loans, A. their receipts were no longer backed at all by gold. B. their outstanding receipts were greater than the amount of gold they had in their vaults. OC. their outstanding receipts were less than the amount of gold they had in their vaults. D. their outstanding receipts were backed 100 percent by gold

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