Which answer best explains how the Articles of Confederation established governmental roles in regards to a system of currency?
Both Congress and the states could print and borrow money.
The states printed their own money. There was no national money.
Congress could print national money. The states had to use this money.
Congress could print national money. The states had to borrow this money.
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whats the answer
The correct answer is "The states printed their own money. There was no national money."
To arrive at this answer, it is essential to understand the structure and provisions of the Articles of Confederation. The Articles of Confederation, ratified in 1781, served as the first constitution of the United States. However, it proved to be an ineffective governing document and was later replaced by the Constitution.
Under the Articles of Confederation, Congress did not have the power to regulate currency or establish a national monetary system. This means that each state was responsible for printing its own money, resulting in a decentralized system where there was no uniform national currency. As a consequence, trade and commerce among the states became complicated and often faced challenges due to varying state currencies.