A goldsmith could hold some gold in reserve for depositors’ withdrawals, but ________________ excess gold and thereby make a profit from depositors’ funds.

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Mewahl · Answer 1 · 2018-09-04T08:43:47+0000

The answer to this question is "loan out".

A goldsmith could hold some gold in reserve for depositor's withdrawals, but "LOAN OUT" excess gold and thereby make a profit from the depositor's funds. This loan out is also refer to the long term financing.

A goldsmith could hold some gold in reserve for depositors’ withdrawals, but ________________ excess gold and thereby make a profit from depositors’ funds.

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