Question

Who issued paper currency in the United States during the first half of the 19th century?

Question 18 options:

local banks


state banks


The Federal Reserve


The National Bank

Answer 1

state banks

Step-by-step explanation:

Answer 2

the federal reserve

Step-by-step explanation:

Since 1971, U.S. citizens have been able to utilize Federal Reserve Notes as the only form of money that for the first time had no currency with any gold or silver backing. This is where you get the saying that U.S. dollars are backed by the “full faith and credit” of the U.S. Government