Goldsmiths are considered to be the forerunners of modern banks because they:

A) had safes to keep gold secure.
B) issued gold coins.
C) created money by lending out gold reserves.
D) created legal tender.
E) verified the quality of money.

Goldsmiths

Historical tradespeople who crafted objects out of gold and were also involved in banking activities, such as issuing loans and safekeeping valuables.

Forerunners

Individuals or technologies that precede and predict the development of future trends or innovations, often paving the way for widespread changes.

Modern Banks

Financial institutions engaged in deposit taking, lending, and various financial services, leveraging technology for operations and service delivery.