Question

Why did Hamilton believe that a federal bank was needed?

A.
to restore public confidence in the treasury
OB.
to pay off debts incurred by states' governments
to collect revenue for the federal government
D.
to implement the constitutional requirement regarding public finance

Answer 1

To collect revenue for the federal goverment

Step-by-step explanation:

Thomas Jefferson opposed this plan. He thought states should charter banks that could issue money. Jefferson also believed that the constitution did not give the nation government the power to establish a bank. Hamilton disagreed on this point too.