Federal Reserve System, central banking system of the United States, popularly called the Fed. A central bank serves as the banker to both the banking community and the government; it also issues the national currency, conducts monetary policy, and plays a major role in the supervision and regulation of banks and bank holding companies. In the U.S. these function are the responsibilities of key officials of the Federal Reserve System: the Board of Governors, located in Washington, D.C., and the top officers of 12 district Federal Reserve banks, located throughout the nation. The Feds actions, described below, generally have a significant effect on U.S. interest rates and, subsequently, on stock, bond, and other financial markets. The Federal Reserves basic powers are concentrated in the Board of Governors, which is paramount in all policy issues concerning bank regulation and supervision and in most aspects of monetary control. The board enunciates the Feds policies on both monetary and banking matter. Because the board is not an operating agency, most of the day-to day implementation of policy decisions is left to the district Federal Reserve banks, stock in which is owned by the commercial banks that are members of the Federal Reserve System. Ownership in this instance, however, does not imply control; the Board of Governors and the heads of the Reserve banks orient their policies to the public interest rather than to the benefit of the private banking system. The U.S. banking systems regulatory apparatus is complex; the authority of the Federal Reserve is shared in some instances for example, in mergers or the examination of banks with other Federal Deposit Insurance Corporation . In the critical area of regulating the nations money supply in accordance with national economic goals, however, the Federal Reserve is independent within the government, Income and expenditures of the Federal Reserve banks and of the board of governors are not subject to the congressional appropriation process; the Federal Reserve is self-financing. Its income comes mainly from Reserve bank holdings of income-earning securities, primarily those of the U.S. government. Outlays are mostly for operational expenses in providing services to the government and for expenditures connected with regulation and monetary policy. In 1992 the Federal Reserve returned 416.8 billion in earnings to the U.S. treasury. 1.The Fed of the United States ___. A.function as China Bank B.is the counterpart of Peoples Bank of China C.is subjected to the banking community and government D.has 13 top officers who can influence the American financial market 2.The fact that stock in the Fed belongs to commercial banks ___. A.doesnt mean the latter is in control B.means the latter is in control C.means the latter is subjected to the Reserve banks D.means the Reserve banks orient the latters policies 3.Which of the following statements is not true according to the passage? A.The fed is a very big, complex and significant system which comprises many local banks. B.All the commercial banks are not the components of Federal Reserve System. C.Board of governors is the supreme policy-makers of America. D.District Reserve banks rather than Board of governors perform the day-to-day policies. 4.The authority of the federal Reserve ___. A.has to be shared with other establishments. B.is exclusive at other times C.isnt limited by comptroller of the Currency and FDIC D.is limited by Board of governors 5.Income of the Board of governors ___. A.is borrowed from the U.S. treasury B.is used by the government to make various policies C.comes from the U.S. Treasury D.is not granted by the government 答案:BACBD
双语儿童寓言故事:狼来了Wolf Is Coming
儿童双语幽默小故事:醉酒Drunk
双语儿童寓言故事:Adding Feet to a Snake画蛇添足
双语儿童寓言故事:Count Tomorrow Morning明天早上数
双语儿童寓言故事:It Must Be Crowded一定很拥挤
儿童双语幽默小故事:story 2
儿童双语幽默小故事:story 5
进化论:双语儿童寓言故事
双语儿童寓言故事:小红母鸡的故事 The Little Red Hen
儿童双语幽默小故事:story 9
双语儿童寓言故事:Snow White白雪公主
双语儿童寓言故事:聪明的熊猫A Clever Panda
巨人杰弗瑞-少儿英语故事
双语儿童寓言故事:Ten Candies十块糖
双语儿童寓言故事:那不是我的狗 That Is Not My Dog!
双语儿童寓言故事:I Don’t Like Her我不喜欢她
双语儿童寓言故事:追贼Catching a Thief
双语儿童寓言故事:改名字Change Name
双语儿童寓言故事:父母的东西Father’s Things
双语儿童寓言故事:The Wolf and the Crane狼与鹤
灰姑娘的故事Cinderella
Super Why儿童英语故事动画:碗豆公主The Princess and the Pea
双语儿童寓言故事:Sleeping Pills安眠药
儿童双语幽默小故事:十块糖Ten Candies
双语儿童寓言故事:兔子和狐狸The Rabbit and the Fox
不要把好东西扔掉:双语儿童寓言故事
双语儿童寓言故事:I can’t Cook It我没法煮它
儿童双语幽默小故事:我不喜欢她I Don’t Like Her
双语儿童寓言故事:A Friend in Need Is a Friend Indeed患难见真情
双语儿童寓言故事:Are Flies Yummy?苍蝇好吃吗?
不限 |
英语教案 |
英语课件 |
英语试题 |
不限 |
不限 |
上册 |
下册 |
不限 |