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
74
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 authority of the Federal Reserve______.
选项
A、has to be shared with other establishments
B、is exclusive at other times
C、isn’t limited by comptroller of the Currency and FDIC
D、is limited by Board of Governors
答案
B
解析
根据第三段第一句“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)和第二段第一句“The Federal Reserve’s basic powers are concentrated in the Board of Governors,which is paramount in all policy issue concerning bank regulation and supervision and in most aspects of monetary and banking matters”,就可推断出[B]为正确选项。[A]项叙述过于绝对;[C]项与第三段第一句内容正好相反;[D]中内容在文章中未被提到。
转载请注明原文地址:https://kaotiyun.com/show/qxlO777K
0
专业英语八级
相关试题推荐
Britain’scybercrimetsaristoaskthegovernmentforaprogrammebasedonitscontroversialcounter-radicalisationstrategyto
1Thefoxreallyexasperatedthemboth.Assoonastheyhadletthefowlsout,intheearlysummermornings,theyhadtotak
AccordingtoUncleGeoff,nationalstrengthcouldonlyberegainedbyThetoneofthepassagecanmostprobablybedescribedas
PROJECTMANAGERAGRICULTURALREHABILITATIONPROJECT,NORTHERNETHIOPIASCFstartedworkinEthiopiain1973withanemergenc
WhatisthepurposeofProfessorMcKay’sreport?
Fromthefirstparagraph,wegettheimpressionthatGeorgeMarshTheword"innocuous"inthefifthparagraphprobablymeans
Theword"gruelling"inthefirstparagraphprobablymeansWhichofthefollowingstatementsisNOTtrueofECT?
Societywasfascinatedbyscienceandscientificthingsinthenineteenthcentury.Greatbreakthroughsinengineering,theuseo
随机试题
抗中性粒细胞胞浆抗体对哪种疾病的诊断有帮助
.关系健全的家庭基本类型有
由苷元碳上的氢与糖端基羟基脱水形成的苷称为
根尖1/3处牙根折断的处理为
高速公路诱导标的底色为绿色,其他公路为蓝色,诱导标的符号均为白色。()
为防止大体积混凝土开裂,在混凝土浇筑后的(),应采取散热降温措施。
被保险人自己知道或应当知道保险事故发生之日起,()年内不行使向保险人请求赔偿的权利,则投保人或被保险人的索赔权利即为自动放弃而失效
下列选项中,符合研究课题表述规范的是()。
Thearrivalofthemass-producedcar,justoveracenturyago,causeda(n)【C1】______ofbusinesscreation.Firstcamethemakers
某公司网络管理员使用DHCP服务器对公司内部主机的IP地址进行管理。在某DHCP客户机上连续执行“ipconfig/all”和“ipconfig/renew”命令,执行“ipconfig/all”得到的部分信息如图(a)所示,执行“ipconfig
最新回复
(
0
)