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
外语
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
2010-06-18
80
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 the 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 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 and banking matters. Because the board in 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 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 Corporation (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 self-financing. Its income ( $ 20.2 billion in 1992) comes mainly from Reserve bank holding 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 $16.8billion in earnings to the U.S. Treasury.
The fact that stock in the Fed belongs to commercial banks______.
选项
A、doesn’t 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 latter’s policies
答案
A
解析
根据第二段最后一句话中的“Ownership…does not imply control”,就可肯定[A]是正确选择。
转载请注明原文地址:https://kaotiyun.com/show/lxlO777K
0
专业英语八级
相关试题推荐
Duringtheearlyyearsofthiscentury,wheatwasseenastheverylifebloodofWesternCanada.Peopleoncitystreetswatchedt
Thephrase"chippedawayat"inthefirstparagraphprobablymeansInnovationsinpostalservicesmightappearwhen
France’shighestcourthaltedthefinalvoyageoftheClemenceaubecause
Peoplearemovingtocitiesindroves.In1950,two-thirdsoftheworld’spopulationlivedinthecountryside.NewYorkwasthen
NowtheU.S.economygrowthrateis______.
Insixteenth-centuryItalyandeighteenth-centuryFrance,waningprosperityandincreasingsocialunrestledtherulingfamilies
Sub-SaharanAfricancountries______.Thepassagestatesthatteenagedbirthsare______.
ThereisagreatconcerninEuropeandNorthAmericaaboutdecliningstandardsofliteracyinschools.InBritain,thefactthat
CultureTherearesomanythingsaboutourlivesthatbelongtothecontentofculturethatitisimpossibletocoverthemal
A、Canada.B、TheU.S.C、Australia.D、Scandinavia.D
随机试题
患者,男,51岁。尿频、尿痛间断发作2年,下腹隐痛、肛门坠胀1年。查体:肛门指诊双侧前列腺明显增大、压痛、质偏硬,中央沟变浅,肛门括约肌无松弛。前列腺液生化检查锌含量为1.76mmol/L,B超显示前列腺增大。患者最可能的诊断是
女,28岁,结节性甲状腺肿病史10年,近半年出现怕热、多汗。T3、T4值高于正常值近1倍。妊娠4个月,有哮喘病史。最适合的治疗方法是
全营养混合液的优点下列不正确的是()
国家出资企业从事经营活动,应当遵守法律、行政法规,加强经营管理,提高经济效益,接受人民政府及其有关部门、机构依法实施的管理和监督,接受()的监督,承担社会责任,对出资人负责。
原告诉请被告返还借款5万元,为证明这一事实,原告向法院提交了被告书写的“借据”;被告则主张“借款已经清偿”,并向法院出示了原告交给他的“收据”。关于原、被告双方的证据,下列哪些选项是正确的?()。
甲声称自己的一张支票丢失,票面金额20万,向法院申请公示催告,法院受理申请后,进行公告,公告期满无人申报权利,法院根据甲的申请作出判决宣告该支票无效。判决作出后,该支票的持有人周某从国外访学归来,他可以从知道或者应当知道判决公告之日起几日内向法院起诉:(
()是指某种物业在市场上的一般、平均水平价格,是该类物业大量成交价格的抽象结果。
如图是蹦极运动过程的简化示意图,弹性绳一端固定在0点,另一端系住运动员,运动员从O点自由下落,到达A点处弹性绳自然伸直,在B点处运动员受到的重力与弹性绳对运动员的拉力相等,C点是运动员所能到达的最低点。运动员在O点到C点的运动过程中忽略空气阻力,则:
Themajortaskfacingadolescentsistocreateastableidentity.Therearesomedevelopmentaltasksthatenablethemtocreate
树是结点的集合,它的根结点数目是()。
最新回复
(
0
)