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

Question

Responses

Paper money became more reliable
Paper money became more reliable

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

state banks stopped loaning money
state banks stopped loaning money

The economy became more stable.
The economy became more stable.

states printed too much money and loaned too much money

Answer 1

states printed too much money and loaned too much money

Answer 2

2 answers

Answer 3

The consequences of Jackson closing the National Bank are:

1) State banks did not have the gold and silver to back their loans.
2) States printed too much money and loaned too much money.