0
Without a central recognised currency the economy could not function and would collapse.
Wiki User
∙ 13y ago
Anonymous
Wiki User
∙ 15y agoI am really not sure but I'm 85 % sure it is Federal.
Wiki User
∙ 15y agothe federal government issues money...
Wiki User
∙ 15y agonot since short after the civil war.
Wiki User
∙ 13y agono one of the amendments says you cant
Wiki User
∙ 15y agono
Wiki User
∙ 14y agoyes
Anonymous
yes they do?
Add your answer:
Earn +20 pts
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.
Which countries can print money?
Not all countries print their own money. A country can only print money if it is in control of its currency like Japan and the US. One country that cannot print money is Greece because they are not in control of the Euro.
Is it legal to print your own currency that represents precious metals?
(in the US) No, it is not. By law, only the federal government can issue money.
Why does the US not print its own money but allows the federal reserve bank to print money?
This is due to the 1913 Federal Reserve Act under President Wilson. It is implied that this law was not legally ratified and is therefore fraudulent. It is against the U.S constitution for this bank to have the powers that belong to Congress and the U.S treasury. This is linked to the popular term "End the Fed".
Why not print more money?
If any country printed more money, they wouldn't magically become more rich, because the more dollars the exist on the country, the less they will be worth, thus leading to massive inflation, rendering the US Dollar worthless.
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.
Can the queen print her own money?
No.
During the critical period did the states print their own money?
Yes. During the critical period (1783 - 1793) following the Revolutionary War and until George Washington became president, states issued their own paper money. Most of this money was nearly worthless.
Can California create its own money?
No, California cannot create its own money as that is within the authority of the federal government by the U.S. Constitution. States in the U.S. are not allowed to print their currency.
Does japan print their own money out?
Yes
What is the only condition specified by the constitution concerning the nature of the state government?
The states cant make there own money.
Can each state printed its own kind of paper money?
No, only the federal government has the authority to issue currency in the United States. Each state is not allowed to print its own kind of paper money.
What is a bank's own printed money called?
The Bank Can't Print its own money because only the treasury can print or make money . Every country would have a central governing authority for banks and they print paper and mint coin money.
Which countries can print money?
Not all countries print their own money. A country can only print money if it is in control of its currency like Japan and the US. One country that cannot print money is Greece because they are not in control of the Euro.
Did each state print its own money?
yes
What were the two problems the US had with its money during its early history?
Not enough of it, and every state was allowed to print their own before the Constitution (which forbids states from coining money) was written.
What were two problems the US had with its money during its early history?
Not enough of it, and every state was allowed to print their own before the Constitution (which forbids states from coining money) was written.
