Question

Under Alexander Hamilton's plan, a new national bank would

Select one:
O a. have a monopoly on the government's banking business.
b. facilitate the collection of taxes.
c. provide loans to private businesses.
d. act as a storehouse for federal deposits.
e. All these answers are correct.

Answer 1

Under Alexander Hamilton's plan, a new national bank would facilitate tax collection, provide loans to private businesses, and store federal deposits.

Step-by-step explanation:

Under Alexander Hamilton's plan, a new national bank would facilitate the collection of taxes, provide loans to private businesses, and act as a storehouse for federal deposits. It would not have a monopoly on the government's banking business.

Learn more about Alexander Hamilton and the national bank