0
Article I, Section 8 of the Constitution says that "The Congress shall have Power...To coin Money, regulate the Value thereof, and of foreign Coin," and Section 10 says that "No State shall...coin Money". It is illegal for private citizens to coin money.
The Supreme Court has ruled that Congress's power to coin money includes the power to print paper money and make it legal tender.
The Federal Reserve decides how much money will be produced. Paper money is printed by the Bureau of Engraving and Printing, and coins are produced by the United States Mint.
Wiki User
∙ 13y ago
Wiki User
∙ 11y agoTreasury department
Add your answer:
Earn +20 pts
Why did the articles of confederation not allow the stats to coin their own money?
The Articles of Confederation did allow individual states to coin their own money. This was one of the primary problems with the Articles. The United States Constitution, however, did not allow states to coin their own money. The reason for this is that there was no efficient way of determining the value of one state's currency in relation to another state's. Printing money is different than coining money, however, as coining money means establishing a new unit of currency, while printing money simply means the actual production of those units. When states began printing their own money, this caused problems of inflation, as the value of money depreciated.
What was most affected by the coining of money in Mesopotamia?
Barter
What government office is responsible for the Statistical Abstract of the US?
Government Printing Office (GPO)
Which of the populists policies undermind its attempts to appeal to urban workers?
Its support for coining silver.
What did the second continental congress talk about?
They talked about printing paper money.
What department is responsible for printing and coining US money?
The US Treasury.Specifically, the Bureau of Engraving and Printing makes paper money, while the US Mint makes coins. The two departments are completely separate.
What is the cabinet officer responsible for coining money?
the department of treasury
Coining and printing money are the responsibilities of the Treasury Department?
No, The Bureau of Engraving and Printing (BEP) produces currency and stamps, and the U.S. Mint produces our nation's coins.
What are legislative roles?
The primary role of the legislature is to make laws. The legislature also is responsible for regulating commerce and coining money.
What is the name for the bank that is responsible for printing money?
The Federal Reserve
Why did the articles of confederation not allow the stats to coin their own money?
The Articles of Confederation did allow individual states to coin their own money. This was one of the primary problems with the Articles. The United States Constitution, however, did not allow states to coin their own money. The reason for this is that there was no efficient way of determining the value of one state's currency in relation to another state's. Printing money is different than coining money, however, as coining money means establishing a new unit of currency, while printing money simply means the actual production of those units. When states began printing their own money, this caused problems of inflation, as the value of money depreciated.
Who approves coining of money?
congress
Is coining money a delegated implied reserved or concurrent power?
In the US government, the power of coining money is delegated or expressed.
What was affected by the coining of money is mosopatamia?
Barter
What is the fee for levied for coining money?
Brassage
Who was the sociologist responsible for coining the term cultural lag?
William Ogburn
Who is said to be responsible for coining the term debugging?
Grace Murray Hopper.
