QUESTION 1 In what role did Alexander Hamilton submit his \"Report ...? Secretar

Question

QUESTION 1 In what role did Alexander Hamilton submit his "Report ...? Secretary of the Treasury President of the National Bank President of the US Prime Minister QUESTION 2 To whom did Hamilton address his 'Report? Newspaper readers The People Congress The President QUESTION 3 What was the total amount of debt the United States owed in 1789 $2,239,163.09 $11,710,378.62 $42,414,085.94 $54,124,464.56 QUESTION 4 According to Hamiliton's report, the U.S. owes $11,710,78.62 to foreign investors, and pays ah annual sum of $542,599. 66 in interest on that principal At what average interest rate did the U.S. borow from foreign investors? -, less than 3% 3-5% 5-7% 796 or higher

Explanation / Answer

Answer-1- (a) Secretary of the treasury

Alexander Hamilton submitted his report in the role of the Secretary of the Treasury on the future of American economic stability known as the Report on the Public Credit.

Answer-2- (c) Congress

Hamilton presented his first report on the Public Credit to Congress on 9th January, 1790.

Answer-3- (b) $11,710,378.62

In the year 1789, the total amount of debt owed by United States was estimated at $11,710,378.62

Answer-(c)- 3-5%

According to calculations, the average interest rate on the loan borrowed by U.S. was between 3-5%

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