MAKING OF A NEW NATION 1776 1800
THE ARTICLES OF CONFEDERATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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make treaties with Spain
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print its own money
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levy all taxes for the national government
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sell its land to the Native Americans
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Detailed explanation-1: -Section 8 permits Congress to coin money and to regulate its value. Section 10 denies states the right to coin or to print their own money. The framers clearly intended a national monetary system based on coin and for the power to regulate that system to rest only with the federal government.
Detailed explanation-2: -Cost-push inflation occurs when the input prices for goods tend to rise, possibly because of a larger money supply, at a rate faster than consumer preferences change.
Detailed explanation-3: -The job of actually printing the money that people withdraw from ATMs and banks belongs to the Treasury Department’s Bureau of Engraving and Printing (BEP), which designs and manufactures all paper money in the U.S. (The U.S. Mint produces all coins.)
Detailed explanation-4: -Inflation is caused when the money supply in an economy grows at faster rate than the economy’s ability to produce goods and services.