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Section 10 of the U.S. Constitution does not permit states to issue their own money.
Wiki User
∙ 7y ago
Wiki User
∙ 7y agoIt's so that each state doesn't have its own currency, which wouldn't be valid in other states.
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States are not allowed to borrow money?
False, states are not allowed to print money
The US Constitution for bids states to what?
States are not allowed to coin money. This information is found in Article 1, Section 10, Clause 1 of the US Constitution.
Who is only allowed to coin and print money?
The Department of the Treasury
Can individual states in the US coin money?
No
Can states coin money if it is backed by gold?
No. None of the states have a legal right to coin money. Only the federal government can do this. The US ceased to use gold as a standard for money in 1933.
Are states allowed to borrow money?
Yes
Can states coin their own money?
No, its against the constitution.
The constitution forbids the states to?
Keep Militia
Can the states coin money as long as itis backed by gold?
no
The constitution forbids states to coin money?
yes, a state can not make their own money
Why can't states coin money?
Making money is the right of the federal government. We have 50 states in the USA. If 50 states made their own money, it would be a mess.
Why are states not allowed to print money?
States are not allowed to print money because the economy falls under the national government. If every state printed its own money, it wouldn't be worth the same from state to state.
