ECONOMICS
MONEY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Different for each state
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The same throughout the country
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Either A or B
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None of the above
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Detailed explanation-1: -The Bank would be able to lend the government money and safely hold its deposits, give Americans a uniform currency, and promote business and industry by extending credit. Together with Hamilton’s other financial programs, it would help place the United States on an equal financial footing with the nations of Europe.
Detailed explanation-2: -1. Stop by Your Local Bank. Many banks and credit unions offer a foreign currency exchange service for a fee. Some financial institutions will even order currency, or allow you to order it online, and ship it to your home.
Detailed explanation-3: -In the U.S., a national bank is a commercial bank chartered by the U.S. Treasury. Internationally, national banks are controlled by the international governments themselves and are also called “central banks."
Detailed explanation-4: -This currency issued by the central bank can be held by the public or by the commercial banks, and is called the ‘high-powered money’ or ‘reserve money’ or ‘monetary base’ as it acts as a basis for credit creation.