answersLogoWhite

0

The Federalists advocated the ratification of the US constitutions (1789-88) in place of Articles of Confederation .The central bank was the authority of issuing currency note to regulate the countries credit and monetary affairs consisting of 12 federal reserve banks headed by the board of governors appointed by the US President but approved by the senate.

they believed that a centralized banking system was necessary (gradpoint)

User Avatar

Rosetta Pollich

Lvl 10
3y ago

What else can I help you with?