题目
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 Fed of the United States______.
A.functions as China Bank
B.is the counterpart of People's Bank of China
C.is subject to the banking community and government
D.has 13 top officers who can influence the American financial market
第1题
Which of the following is NOT the purpose of America's central bank?
A.Controlling the flow of money in the economy.
B.Overseeing the activities of banks.
C.Producing and distributing bank notes and coins.
D.Contributing to the maintenance of a stable financial system.
第2题
The dual banking system in existence in the United States refers to the fact______.
A.that some commercial banks are members of the Federal Reserve and others are not
B.that both commercial banks and thrift institutions accept deposits from the public
C.that commercial banks can obtain either a federal charter or a state charter
D.that commercial banks are regulated by both the Federal Reserve and the FDIC
第3题
Under the Federal Reserve System,______.
A.there is one Federal Reserve Bank, located in Washington, D.C.
B.there is a Federal Reserve Bank in each state
C.there are twelve Federal Reserve banks
D.there is a Federal Reserve Bank in each Congressional district
第4题
The Federal Reserve does all except which of the following?______.
A.Control the supply of money
B.Control the value of money
C.Make loans to individuals
D.Regulate the banking system
第5题
Banks subject to reserve requirements set by the Federal Reserve System include______.
A.only banks with assets less than $100 million
B.all banks whether they are members of the Federal Reserve System or not
C.only state chartered banks
D.only nationally chartered banks
第6题
Which of the following is an element of the Federal Reserve System?______.
A.The FOMC
B.The Federal Reserve Banks
C.The Board of Governors
D.Each of the above
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