Question
Which explains the monetary policy weakness in the Articles of Confederation?(1 point)
Responses
The states were required to use the national currency.
The states were required to use the national currency.
The states had the authority to create and print their own currency.
The states had the authority to create and print their own currency.
The states were required to use the same currency.
The states were required to use the same currency.
The states were given options of what currency they could use.
Responses
The states were required to use the national currency.
The states were required to use the national currency.
The states had the authority to create and print their own currency.
The states had the authority to create and print their own currency.
The states were required to use the same currency.
The states were required to use the same currency.
The states were given options of what currency they could use.
Answers
GPT-4o mini
The correct response is:
**The states had the authority to create and print their own currency.**
This led to a lack of a stable national currency and contributed to monetary policy weaknesses under the Articles of Confederation, as each state could issue its own money, leading to confusion and economic instability.
**The states had the authority to create and print their own currency.**
This led to a lack of a stable national currency and contributed to monetary policy weaknesses under the Articles of Confederation, as each state could issue its own money, leading to confusion and economic instability.