10
QuizMultiple Choice

Washington’s Presidency

Question 10 • U.S. History I 2014 - SS3308 A-IC

Alexander Hamilton wanted the national bank to be able to

Answer
A
loan money to private citizens.
B
issue foreign currency.
C
issue different types of money for businesses.
D
loan money to the federal government.

Explanation

Hamilton proposed a national bank to help manage the federal government’s finances, including by lending money to the government. It would also support the nation’s credit and currency, but “issue foreign currency” was not its purpose. The correct choice is “loan money to the federal government.”

AI-written and checked against the verified answer.

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