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baybay0710 baybay0710
  • 14-11-2015
  • Business
Answered

The national banking acts of 1863 and 1864 gave the federal government the power to do what

Verified Answer :

Todd98
Todd98 Todd98
  • 14-11-2015

Hey!
The National Banking Acts gave the federal government three important powers:
The power to charter banks
The power to require banks to hold adequate gold and silver reserves to cover their bank notes
The power to issue a single national currency
Hope this helps! :)

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