Before 1933, and particularly during the period 1929-33, bank failures were not uncommon. _1_ a bank overextended itself in creating credit or if several of its important loans could not be _2_, depositors in the bank would frequently become panicky and begin to make large withdrawals. __3__ the bank had only a small number of its deposits backed by currency, the band would soon be unable to meet withdrawals, and most depositors __4__ their money. Most frequently a bank merely needed time to improve its cash position by __5__ some of its loans and not making additional ones. In 1933, the number of bank failures __6__ a peak, forcing the federal government to intervene and __7__ the banks temporarily. To help restore the publics confidence __8__ banks and strengthen the banking community, Congress passed legislation setting up the Federal Deposit Insurance Corporation. __9__ corporation, an agency of the federal government, now insures over 90 percent of all mutual savings and commercial bank deposits for __10__ $100,000 per deposit. The FDIC has __11__ its insurance fund by charging member institutions one-twelfth of 1 percent of their total deposits.
As a result of the protection provided by the FDIC and through other kinds of supervision, bank failures have been __12__ to a few isolated instances. When deposits are federally insured, people __13__ rush to withdraw their money if they __14__ the financial condition of their bank. The delay gives the banks the necessary time to adjust their cash credit balance, and this action helps to reduce the __15__ of bankruptcy. For an example of the value of the FDIC, note that the failure in 1974 of the huge Franklin National Bank did not touch off a panic, and that depositors lost no money as Franklin was taken over by another bank.
EXERCISE:
1. A) Although B) Even if C) If D) Because
2. A) repaid B) deposited C) found D) saved
3. A) Because B) Because of C) As a result D) considering
4. A) lost B) had lost C) will lose D) would lose
5. A) calling on B) calling for C) calling off D) calling in
6. A) fell from B) reached C) climbed up D) arrived
7. A) closed B) closing C) close D) has closed
8. A) to B) in C) of D) into
9. A) For the B) This C) As a D) A
10. A) up to B) as much C) as many as D) equal
11. A) built up B) build up C) been built D) build
12. A) growing B) increased C) reduced D) disappeared
13. A) no B) any more C) no longer D) not
14. A) become concerned about B) become concerned with
C) become concerned in D) concern
15. A) likely B) possibility C) possibly D) opportunity
Key: CAADD BCBBA ACCAB
爱如鲜花盛开
梦想 你心中永远的激情
喜欢你是静静的
世界各地喜迎新年
透明国际行贿调查 马来西亚排名垫底
让2013成为危机转折点
中兴再获国开行50亿美元融资额度
财政悬崖面前 以不变应万变
分析:泰国富豪入股平安的“秘诀”
职业性格测试 你了解几分?
朝鲜发射远程火箭,声称卫星进入轨道
护照地图引燃中印领土矛盾
“最性感者生存”能解释文明吗?
苹果的优势在于软件
The Two Roads
香港路边空气污染状况更趋严重
人民币国际交易中心争夺战
财政悬崖逼近之际,奥巴马将返回华盛顿
时间
英国应向加拿大学什么?
国家电网挺进澳大利亚
摩苏女人的大智慧
教育代金券可行么?
Stop Wasting Time Being a Perfectionist
华尔街对MBA吸引力大不如前
True Nobility
开罗解放广场爆发反总统示威
IMF放弃反对资本管制立场
孟加拉警方逮捕发生火灾的工厂官员
泰国前总理阿披实面临谋杀指控
| 不限 |
| 英语教案 |
| 英语课件 |
| 英语试题 |
| 不限 |
| 不限 |
| 上册 |
| 下册 |
| 不限 |