首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
考研
Federal Reserve System, central banking system of the United States, popularly called the Fed. A central bank serves as the bank
Federal Reserve System, central banking system of the United States, popularly called the Fed. A central bank serves as the bank
admin
2010-01-13
42
问题
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 supervision and regulation of banks and bank holding companies. In the U.S. these functions 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 the 12 district Federal Reserve banks, located throughout the nation. The Fed’s actions, described below, generally have a significant effect on the U.S. interest rates and, subsequently, on stock, bond, and other financial markets.
The Federal Reserve’s 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 Fed’s policies on both monetary and banking matters. Because the board is not an operating agency, most of the day-to-day implementation of policies 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 system’s 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 agencies such as the Comptroller of the Currency and the Federal Deposit Insurance Cooperation (FDIC). In the critical area of regulating the nation’s 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 subject to the congressional appropriation process; the Federal Reserve is self-financing. Its income ($20.2 billion in 1992) comes mainly from Reserve bank holdings of income-earning securities, primarily those of the U.S. government. Outlays ($1.5 billion in 1992) 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 $16.8 billion in earnings to the U.S. Treasury.
What does "enunciates" mean in the second paragraph?
选项
A、Support.
B、Disapprove.
C、Announce.
D、Manipulate.
答案
C
解析
词语解释题。此处句子意思是:该委员会是宣布货币政策的机构。C项announce(宣布)与其同义。故选C项。
转载请注明原文地址:https://kaotiyun.com/show/lMmi777K
0
在职申硕(同等学力)英语
相关试题推荐
Thefirststepbeforemakinganydecisionto______wastodetermineexactlywhodidthekilling.
I’veonlyrecentlyexploredShakespearewithprofitandpleasure.
Therearehiddenfactorswhichscientistscall"feedbackmechanisms".Nooneknowsquitehowtheywillinteractwiththechangin
Investmentinthepublicsector,suchaselectricity,irrigation,publicservicesandtransport(excludingvehicles,shipsandpl
Andreaallowedthehitchhikertotakearideinhercar,mainlybecause______WhatmadeAndreaafraidwhenshelookedattheo
Man:IfIdon’tfindmywalletprettysoon,Ihavetoreportitstolen.Woman:Holdon!Beforeyoucallthecampussecurityo
TherapidexpansionofcitiesduringtheIndustrialRevolutioncreatedahousingcrisis.
Weregrettoinformyouthatthematerialsyouorderedare______.
Oneofthemostwidelydiscussedsubjectsthesedaysisenergycrisis.Automobiledriverscannotgetgasoline;homeownersmayno
Woman:Whynotgoshoppingwithmethisafternoon?Man:Oh,youknow,shoppingisthelastthingI’lleverdo.Question:Whatdoes
随机试题
下列是腹膜腔穿刺的适应证,除了
退六腑打马过天河:运内劳宫,揉上马:
前囟关闭的时间为出生后( )个月
最适用于婴幼儿的吸氧方法是
民用建筑工程室内环境污染控制验收抽检代表性房间,有样板间检测的工程抽检数(),均不少于()间。
证券投资技术分析中,K线组合应用中的星型组合包括()。Ⅰ.锤头与吊颈Ⅱ.射击之星Ⅲ.黄昏之星Ⅳ.早晨之星
观察每个潜在的风险在长时期内已经发生的次数,就能估计每一可能事件的概率,这种估计就是每一事件过去已经发生的频率,也叫________。
航空界有个关于飞行安全的“海恩法则”:每一起严重事故的背后,必然有29次轻微事故和300起未遂先兆及1000起事故隐患。“海恩法则”启示我们()。
奥苏伯尔认为,当学习者具备同化有逻辑意义的新材料所必需的背景知识时,则该新材料具备了()
媒介素养(中国人民大学,2008年;中国传媒大学,2011年MJC真题)
最新回复
(
0
)