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The First Bank of the United States was the first centralized banking system and helped to stabilize the economy during the turbulent years following the Revolutionary War. The First Bank of the United States helped shape the fiscal policy that continues to this day through the Federal Reserve.
Fiscal policy is a policy or guide or basis that is usually carried out by the government or the leadership of a country/kingdom to regulate the state's financial condition and income.
In addition, fiscal policy is also useful for directing a country's economy to be more productive by changing or updating government spending and income. Through fiscal policy, the government can exercise control over government and state expenditure and revenue control.
The funds collected are considered by the government as income and then used as expenditure through programs made by the government. The program created by the government aims to be able to produce achievements in national income, production and the economy and is also used as a balance device in the economy of the country or kingdom.
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