Question

As a result of having no power to collect taxes under the Articles of Confederation, the confederal government could only raise funds by doing which of the following?

Select one:
A. borrowing money on credit
B. taxing the individual states
C. regulating internal trade
D. raiding Canadian mines

Answer 1

Answer:

borrowing money on credit

Explanation:

The federal government under the Articles of Confederation had to take out loans from foreign governments, though they also had no way of raising funds from the states to pay back these loans. Under the Articles of Confederation, the federal government quickly accumulated a large amount of national debt.

Answer 2

The answer to the question is A