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What is the significance of the phrase "power of the purse"?

Question 6 options:

Colonists paid the Governor's salary, which forced Governors to be more responsive to the colonists.


Colonists paid a fee to Parliament to allow the colonial assemblies political control in the colonies.


Parliament believed that as a colony of England, colonists should pay more taxes.


King George felt the colonies should pay for the French and Indian War.