At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.
https://www.apstudynotes.org/us-history/topics/the-bank-of-the-united-states-/ " Banks often accumulated very large deposits of gold and silver from many individual depositors. Since most of this gold and silver never left the vault, banks would loan out a portion of it for a fee in interest, defraying their costs for operating the bank, while making a profit for themselves. When a bank made a loan it generally issued banknotes, again redeemable for coin, to the borrower. Consequently, a bank would have not only the original depositor’s receipts circulating as money but also the banknotes it had loaned, resulting in more banknotes circulating than it had coins to cover them. Of course, the bank would be holding valuable interest-bearing debts in the form of loans and mortgages, but these were payable in the future, often over many years, while the bank was obligated to redeem its banknotes for coin money on demand." That's a bank. " A commercial bank that is chartered under the federal government and is a member of the Federal Reserve System." That's a national bank. How DO you think a NB would help the U.S earn money?
thank you so much :)