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Lisa [10]
3 years ago
8

On an average day, how much money is in vaults of the federal reserve bank of philadelphia?

History
1 answer:
Anettt [7]3 years ago
5 0
 23 billion notes valued at more than $600 billion 
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A key example was Hamilton's argument for the creation of a national bank, which was not specifically stipulated by the Constitution.  Hamilton's argument was based on the "necessary and proper" clause of Article I, Section 8, of the United States Constitution.  After enumerating a number of the powers of Congress, including borrowing money, coining money, regulating commerce, etc, Section 8 of Article I closes with by saying Congress shall have power "to make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers, and all other Powers vested by this Constitution in the Government of the United States, or in any Department or Officer thereof."  

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