The Bank of the United States was successful at stabilizing the currency because it could issue currency as well.

Question

Quizplus · Accepted Answer

The Bank of the United States was able to issue currency, which allowed it to have a significant influence on the stability of the currency. Its ability to regulate the money supply and control the issuance of loans helped to prevent excessive inflation or deflation, which in turn contributed to greater economic stability.

The Bank of the United States Was Successful at Stabilizing