Respuesta :
As the fiscal agent for the federal government, the Bank was responsible for tax collection, fund security, government loan making, deposit transfers through the bank's branch network, and bill payment.
What did the Bank of the United States do for the economy?
A key component of Hamilton's fiscal strategy was the First Bank of the United States. It eased the creation of a stable national currency, assisted in paying off the public debt left over from the American Revolution, and gave all Americans an easy way to exchange goods and services. Economic historians view the First Bank of the United States as a success. The Bank maintained a tremendous level of liquidity.
The act establishing the First Bank of the United States sparked debate right away. Some politicians, notably those from the south, expressed worries about elitism, the invasion of state rights, and unconstitutionality. But by February 8, 1791, the legislation had been approved by both houses of Congress.
To learn more about fiscal agent , visit:
https://brainly.com/question/28290628
#SPJ4
