Asked by SUTANU BHOWAL on Jul 08, 2024
Verified
The Second Bank of the United States was a private, profit-making corporation.
Second Bank
Refers to the Second Bank of the United States, a federal institution that served as the country's central bank until its charter expired in 1836.
Profit-Making
The primary goal of most businesses and enterprises, which involves generating revenue in excess of its expenses to gain financial profit.
- Learn about the underlying reasons and subsequent reactions to the conflict over the Bank of the United States.
Verified Answer
ZK
Zybrea KnightJul 11, 2024
Final Answer :
True
Explanation :
The Second Bank of the United States was indeed a private, profit-making corporation that also acted as the government's fiscal agent, handling its banking and currency needs.
Learning Objectives
- Learn about the underlying reasons and subsequent reactions to the conflict over the Bank of the United States.
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