Which institution was created to manage a unified currency and consolidate state debts?

• A. Federalists
• B. National Bank
• C. International Affairs
• D. Domestic Affairs

Answer: (B)

This question is about how the early United States built a centralized economic system. The national bank was created to stabilize a single, unified currency and to bring together the debts the states had accumulated during the Revolution.

The bank would issue a common national currency, provide a reliable source of credit for both the government and private businesses, and—crucially—consolidate state debts into one federal responsibility. This centralized control over money and debt helped unify the young nation’s finances and strengthened federal economic authority, which is exactly what this question is asking about.

The other options aren’t the right fit because they don’t refer to a financial institution designed to manage currency and debts. A political group (the Federalists) isn’t an institution for currency; and the terms International Affairs and Domestic Affairs are broad labels, not a specific organization with a monetary role.