Why were southerners opposed to the national bank?

a)  they felt the national bank stabilize currency and credit.

b)  they felt the national bank restricted credit and placed too much power in the hands of a few bankers.

c)  he national bank did not loan money to slave owners.

d)  the national bank charged higher interest rates on loans than all state banks.

The corrects answer is the letter B) They felt the National Bank restricted credit and placed too much power in the hands of a few bankers.

Explanation:

The Southern States was against the idea of a National Bank because they feared that the bank would favor the economic interests of the industrialized northern states. This way, the Southern States thought that the National Bank restricted credit and placed too much power in the hands of few bankers.

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