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Question
how did the second bank serve the federal government?
a. it acted as the federal governments fiscal agent, receiving revenues and holding deposits
b. it enforced federal laws in the states
c. it ran the postal service
d. it appointed state governors
The Second Bank of the United States (1816–1836) functioned as the federal government’s fiscal agent: it received federal revenues, held government deposits, and handled payments for the government. Enforcing federal laws (b) was the role of federal courts/law enforcement, running the postal service (c) was the Post Office Department, and appointing state governors (d) was not a federal or bank function.
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a. It acted as the federal government's fiscal agent, receiving revenues and holding deposits