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
117
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.
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 Federal Reserve banks
D、means the Federal Reserve banks orient the latter’s policies
答案
A
解析
A项中的in control意味“控制于别人”,此处即the latter(商业银行)控制股票。 A与文中第二段的一句“所有权不意味着控制权”相符,而B项则恰好与之相反。表面上看,C(意味着商业银行从属于联邦储备银行)和D项(意味着储备银行左右着商业银行的政策)是正确的,而且原文中可找到根据,但C,D项与题干毫无逻辑关系。一般说来,物主对属于自己的东西有控制权,而拥有股票的商业银行却不是这样。这是该题的逻辑所在。故选A项。
转载请注明原文地址:https://kaotiyun.com/show/qMmi777K
0
在职申硕(同等学力)英语
相关试题推荐
Insomeways,theUnitedStateshasmadespectacularprogress.Firesnolongerdestroy18,000buildingsastheydidintheGreat
Sometimes,themessagesareconveyedthroughdeliberate,consciousgestures;othertimes,ourbodiestalkwithoutourevenknowi
Computerswillflourishbecausetheyenableustoaccomplishtasksthatcouldneverbeforehavebeenundertaken.
Andreaallowedthehitchhikertotakearideinhercar,mainlybecause______WhatmadeAndreaafraidwhenshelookedattheo
Customers(areasked)toensurethatthey(havegiven)correctchangebefore(leaving)theshopasmistakescannotbe(afterward
Asthefirm’sbusinessincreasedthey______moreandmoreemployees.
TheHuntingtonLibraryhasan______collectionofrarebooksandmanuscriptsofBritishandAmericanhistoryandliterature.
Formanypeopletoday,readingisnolongerrelaxation.Tokeepuptheirworktheymustreadletters,reports,tradepublication
Formanypeopletoday,readingisnolongerrelaxation.Tokeepuptheirworktheymustreadletters,reports,tradepublication
Inasense,thenewprotectionismisnotprotectionismatall,atleastnotinthetraditionalsenseoftheterm.Theoldprotec
随机试题
市场竞争的激烈化、尖锐化,促进对手之间走向合作化、联盟化、集团化。
红细胞沉降率加速主要是由于
患者王某,女,50岁,因恶性肿瘤入院2天。入院后病人睡眠差,下列护理措施不妥的是
《中国药典》收载的宽胸气雾剂为定量阀门气雾剂。其处方由细辛油、檀香油、高良姜油、荜茇油、冰片组成。具有辛温通阳,理气止痛的功能。下列关于气雾剂的说法,错误的是
抽样调查决定样本大小的原则有()。
某工程双代号时标网络计划如下图所示(单位:周),其中工作B的总时差和自由时差()。
依货物运送方式,国际贸易可分为()。
某公司出口一批货物,远期汇票总额为90000USD,年利率为6%,见票后2年付款,每年复利计算。计算2年复利利息。
甲糕点厂采购员李某持该店空白介绍信和工作证到某市采购面粉,恰巧看到该市乙公司出售的白糖质优价廉,便自作主张,以糕点厂的名义同乙公司签订了一份买卖合同。合同约定,甲糕点厂向乙公司购买白糖2000斤,预付货款1000元,余款一个月后付清。李某预付了货款,将白糖
Idemandthatoneofthem______thereatonce.
最新回复
(
0
)