The Articles of Confederation Failed Because

question 21

Multiple Choice

The Articles of Confederation failed because

• A)they did not provide an effective means for the government to raise money.
• B)they did not include an independent leader to direct the government.
• C)they did not give the government the power to regulate commerce.
• D)they did not provide an effective means for the government to raise money, they did not include an independent leader to direct the government, and they did not give the government the power to regulate commerce.
• E)None of these choices is true.

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Definitions:

Commercial Banks

Financial institutions that accept deposits, offer checking and savings accounts, and provide loans, thereby playing a crucial role in the financial system.

Central Bank

Is the primary financial institution of a country, responsible for issuing currency, managing the money supply, regulating banks, and implementing monetary policy to achieve economic stability.

Foreign Exchange Rate

The price at which one currency can be exchanged for another currency in the foreign exchange market.

World Market

The global marketplace where goods, services, and financial products are bought and sold across borders.