5. Select the consequences of Jackson closing the National Bank. Choose 2 (2 points)

Question

state banks did not have the gold and silver to back their loans

state banks stopped loaning money

states printed too much money and loaned too much money

Paper money became more reliable

The economy became more stable.

Answer 1

state banks did not have the gold and silver to back their loans
states printed too much money and loaned too much money