In the text, you read this about the Bank of the United States:The Bank of the United States had been a subject of dispute since its early days. The Bank had great power over the nation’s banking system because it controlled loans made by state banks. When the Bank’s directors thought that state banks were making too many loans, they limited the amount these banks could lend. The cutbacks angered farmers and merchants who borrowed money to buy land or finance new businesses.QuestionUse the passage to answer the question.Which of these groups were most likely to be concerned about the Bank of the United States?(1 point)Responsesordinary laborersordinary laborersinternational businessmeninternational businessmenpeople in favor of states’ rightspeople in favor of states’ rightsthose in favor of a strong central governmentthose in favor of a strong central government
The passage suggests that farmers and merchants who borrowed money to buy land or finance new businesses would be most likely to be concerned about the Bank of the United States.
answer?
The correct answer is:
farmers and merchants who borrowed money to buy land or finance new businesses