Question

Alexander Hamilton was the first Secretary of the Treasury. Which of the following best describes Alexander Hamilton’s opinion about banking?
A. He believed that the banking system already in existence was sufficient.
B. He believed that an international banking system was best for the country.
C. He believed that a strong, centralized banking system was necessary.
D. He believed that the nation’s banks should be owned and run by state governments.

Answer 1

He believed that a strong centralized banking system was necessary to have.

Answer 2

Strong centralized banking system was necessary