Alexander hamilton claimed that the federal government had the implied power to create a national bank through its power to ______.

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29-08-2022
Social Studies

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Alexander hamilton claimed that the federal government had the implied power to create a national bank through its power to ______.

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Martebi Martebi · Answer 1 · 2022-09-06T18:07:12-04:00

Alexander Hamilton claimed that the federal government had the implied power to create a national bank through its power to regulate currency.

What does it mean to regulate currency?

This is a term that is known to be called the act of Exchange controls and it is known to be a form of government-imposed limitations that is done on the purchase as well as the sale of currencies.

Note that controls gives room for a countries to be able to better stabilize their economies and as such, Alexander Hamilton claimed that the federal government had the implied power to create a national bank through its power to regulate currency.

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