The Congressional power to borrow money on credit of the United States and to coin money have enabled the federal government to establish a national banking system, the Federal Reserve System, and specialized federal lending programs such as the Federal Land Bank.

Question

Quizplus · Accepted Answer

The powers to borrow money and coin money have been used by Congress to establish financial institutions and systems, including the Federal Reserve and federal lending programs, to manage the nation's economy and financial stability.

The Congressional Power to Borrow Money on Credit of the United