Question

What did supporters believe a national bank would do for the United States? It would reduce uncertainty about the value of money. It would counter the negative effects of tariffs. It would reduce the economy’s reliance on gold. It would enable state and private banks to print their own money. Description

Answer 1

Answer:

It would reduce uncertainty about the value of money.

Explanation:

Alexander Hamilton was a supporter of the National Bank, he was inspired by the Bank of England and defended that the US needed a national Bank. He and other supporters of the creation of a National Bank defended that its existence would create a uniform currency that would circulate in all states, giving it a certainty. Also, a National Bank would be the place the government would deposit and borrow money.

Answer 2

It would put the money into the governments hands (more secure), and local banks would not be able to print their own money . I hope this helps