CLEP US History I

Answer: D - The gold standard did not fully emerge until the 20^th century, so maintaining it was not among the duties of the Second Bank of the United States. In fact, the bank did not have to back currency at all, which led to great fluctuations in the value of currency. This was one of several reasons why Andrew Jackson vehemently opposed the bank. The fact that it collected taxes and paid national debts also meant that it had a steady cash flow.