Answer: It's true
Explanation: because depending on how much the person has to offer it can provide tough facts for political viewpoints.
Many Americans were satsified with the Article of Confederation because it gave states more rights and the government less.
Answer:
To put a little bit of context , Hamilton advocated for the creation of the national bank. This advocacy was pretty polarizing at that time. Some people support him, some people don't,
Explanation:
There are several reasons that made those people supported Hamilton:
1. Ability to control Inflation.
Not all people understood the concept of inflation at that time. But Hamilton and other supporters of the national bank realized that they need a centralized institution that has the authority to control the money supply and interest rates such as the national bank.
2. Controlling the local bank.
without the existence of the national bank, the local banks will left with too much power. For example, if those local banks wants to massively increase the interest rates for loan , there will be nothing that local people do could stop it.
3. Investment policies
National banks increase the chance of the government in obtaining their monetary budget. The can do this by selling government-owned securities.
Here is the complete question:
Suppose the Fed decides to buy bonds and New Hampshire Colonial Bank decides to sell $10 million worth of bonds. What will New Hampshire Colonial Bank most likely be able to do?
Answer:
Make new loans totaling about $10 million.
Explanation:
Purchasing bonds is a form of monetary policy that the Feds used to control the money supply.
When the Feds bought bonds from the New Hemisphere colonial banks, the New Hampshire Colonial Banks will acknowledge it as 'loan' , since the full payment from the bonds will not be received until several months or years into the future.
In return, New Hampshire Colonial Banks will be profited from interest revenue from the bonds, along with additional money supply that they can use to provide investments for citizens who want to borrow money to open their businesses. Stimulating the economy at the same time.
