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trading with each other, printing state currency

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Q: Who trading with each other printing state currency?
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Continue Learning about American Government

Which is an example of a state's reserved powers?

its eather taxing the federal government printing money licensing doctors or signing treaties with other nations

What are individual states denied the currency power?

Individual states in the U.S. are denied currency power, meaning that they are obligated to use federal currencies. This is to make sure that states are on a level playing field and that money can be spent from state to state throughout the country.

Why and how is Mary Musgrove important to your state?

because she intropetor of ogelthorpe , owned a trading post , and fought for her land

What were the results of the colonies printing their own monwy?

Trade was hampered because to go from state to another would mean a person would have to carry around the money from each state they went to. The values would also be different from state to state.

What problems could arise by each state printing it's own money?

Hi there, I believe the problems that could arise are the same for each nation printing its own money. If you print money, while your productivity, or goods produced stay the same, you get inflation. Each dollar is then worth less. This is the reason why 50 years ago a dollar could buy much more. The world governments basically have been printing money in order to finance their own budgets. I assume you are saying each state gets to print it's own amount of US currency? Or each state having it's own set of notes. The second way you'll have huge problems with exchange rates, 50 different exchange rates, depending on the productivity of each state just within the US! In the first way, then some rogue banker or senator would then have the right to print as much money they wanted which could cause inflation to get out of control. Hope this helps :) Dan

Related questions

What state besides Texas has the Bureau of Engraving and Printing?

No other state has an office of the Bureau of Engraving and Printing. The only other office is at: Department of the Treasury Bureau of Engraving and Printing 14th and C Streets, SW Washington, DC 20228

Discuss the role of state trading organisation in canalisation of exports?

Results for 'Discuss the role of currency in promoting or limiting international trade between countries

When was State Printing Company created?

State Printing Company was created in 1851.

What is the currency in carlifornia?

It's dollars like every other state in the USA

Currency used in California?

The U.S dollar, just like in every other state.

What is State Trading Organization's population?

The population of State Trading Organization is 802.

When was State Trading Organization created?

State Trading Organization was created in 1964.

What are the benefits of trading?

1.improves the quality of product 2.foreign currency is earned by increases improves relationship with other enables the state to cover up the deficiency of imports industrialisation

What did the British Rule of 1756 state?

to stay away from each other by trading at closed ports.

What was the major trading state of early africa?

Depending on the era, Egypt, Ghana, Ethiopia, and several other nations were major trading states in early Africa.

When was Moscow State University of Printing Arts created?

Moscow State University of Printing Arts was created on 1930-10-21.

Are state names printed on US paper currency?

No, state names are not printed on U.S. paper currency.