James Madison, Thomas Jefferson, and other leaders opposed Alexander Hamilton's proposed national bank on the grounds that
A. a national bank would lead to rampant speculation.
B. a national bank would lead to currency inflation.
C. Congress had no authority to create a national bank, and a national bank would lead to currency inflation.
D. Congress had no authority to create a national bank.
E. a national bank would lead to currency inflation and rampant speculation.
Answer: D
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