Which of the following best describes the economy of the Southern colonies

i do not know if this question has options, but a main impact of the federal reserve act of 1913, which created the federal reserve bank, was the international use of the u.s. dollar, which soon became the world's leading currency - particularly during world war i, since many nations around the world asked the united states for money.

the correct answers are: 1) lay and collect taxes and duties; 2) pay debts; 5) borrow money;   6) regulate commerce with foreign nations.

article 1, section 8. refers to the powers of congress. according to the united states constitution: “the congress shall have the power to lay and collect taxes, duties, imposts, and excises, to pay the debts and provide for the common defense and general welfare of the united states.”

the answer is b! (apex)