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
新标准小学英语第二册教材分析和教学建议
小学英语一年级上册Unit 1教案
沪教牛津版小学一年级英语上册教案unit8 Lesson5
人教版小学英语第二册Unit 4 教案
沪教牛津版小学一年级英语上册教案Unit1 第一课时
人教版小学英语第二册Unit 3 教案
沪教牛津版小学一年级英语上册教案unit6 Lesson4
人教版小学英语第二册Unit1 教案
小学一年级英语教案1B Module10 Unit2教学设计
沪教牛津版小学一年级英语上册教案Unit1 第三课时
沪教版小学一年级英语教案Unit1
北师大版小学英语第一册全册教案
小学一年级英语教案1B Module6 Unit2教学设计
(沪教牛津版)小学英语一年级上册unit7教案
人教版小学英语第二册教案Unit6 At the Zoo
小学英语一年级上册教案
牛津英语小学一年级教案 1a
小学一年级英语教案 1A Unit5
沪教牛津版小学一年级英语上册教案Unit3 第二课时
小学一年级英语教案1B Module6 Unit1教学设计
小学一年级第二学期英语总复习教案
沪教牛津版小学一年级英语上册教案unit9 Lesson1
沪教牛津版小学一年级英语上册教案Unit1 Period 1
小学英语第一册教案第一部分
新标准小学英语一年级下学期全册教案
小学英语第一册期末百词范围_教学资料
(沪教牛津版)小学英语一年级上册unit8教案
沪教牛津版小学一年级英语上册教案Unit1 第二课时
人教版小学英语第二册教案Unit 5 Where is my ruler?
小学一年级英语教案1B Module2教学设计
不限 |
英语教案 |
英语课件 |
英语试题 |
不限 |
不限 |
上册 |
下册 |
不限 |