Why Did the Continental Congress Need to Borrow Money from Wealthy

Why did the Continental Congress need to borrow money from wealthy patriots and other countries to finance the war effort?

A) Britain had frozen all of the patriots' assets.
B) The Continental Congress had no authority to tax the people.
C) Britain stole the patriots' money when the British army occupied New York.
D) The Continental Congress had exhausted the Federal Reserve early in the war.