Federal Deposit Insurance Corporation
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
答案: CAADD BCBBA ACCAB
牛津实用英语语法:341 比较从句
牛津实用英语语法:330 for 和 because
牛津实用英语语法:358 后缀ful
牛津实用英语语法:311 间接陈述中的might,ought to,should,wo
牛津实用英语语法:328 从属连词
牛津实用英语语法:353度量衡
牛津实用英语语法:332 as意为when/while(当……时)
牛津实用英语语法:355 辅音字母的双写
牛津实用英语语法:342 时间从句
牛津实用英语语法:329 though/although和in spite of
牛津实用英语语法:343 作主语的名词从句
牛津实用英语语法:312 could用于间接引语
牛津实用英语语法:302 被动语态形式
牛津实用英语语法:333 as,when,while意为although(尽管)
牛津实用英语语法:310 间接引语中的虚拟过去时
牛津实用英语语法:345 位于某些名词之后的that从句
牛津实用英语语法:357 以ce和ge结尾的词
牛津实用英语语法:309 过去时态有时保持不变
牛津实用英语语法:306 被动态动词后的不定式结构
无敌英语语法(初级版)
牛津实用英语语法:351 序数词的几点注意事项
牛津实用英语语法:361 连字号
牛津实用英语语法:339 such/so…that引导的结果从句
牛津实用英语语法:360 ie和ei
牛津实用英语语法:324 混合类句式的间接引语形式
牛津实用英语语法:340 让步从句
牛津实用英语语法:352日期
牛津实用英语语法:321间接命令的其他表示方法
牛津实用英语语法:354 引语
牛津实用英语语法:336 目的从句
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