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kvasek [131]
3 years ago
8

Which of the following statements most accurately describes Hamilton’s financial policies?

Social Studies
1 answer:
ser-zykov [4K]3 years ago
5 0

Answer:As Treasury Secretary, Alexander Hamilton designed a financial system that made the United States the best credit risk in the western world. Hamilton proposed that the government assume the entire debt of the federal government and the states. His plan was to borrow new money at a lower interest rate.

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Treasury bonds are the least risky of all bonds and, therefore, pay a lower rate of interest.

The amount a lender charges a borrower is called an interest rate, and it is expressed as a percentage of the principal or the loaned amount. Typically, a loan's interest rate is expressed as an annual percentage rate, or APR (APR).

A savings account or certificate of deposit earnings at a bank or credit union may also be subject to an interest rate (CD). The interest received on these deposit accounts is measured in annual percentage yields (APY).

The amount that a lender charges a borrower for the use of assets on top of the principal is known as the interest rate.

The money generated from a deposit account at a bank or credit union is likewise subject to an interest rate.

Learn more about interest rates here:

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