The U.S. banking systems 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 Deposit Insurance Corporation . In the critical area of regulating the nations 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 comes mainly from Reserve bank holdings of income-earning securities, primarily those of the U.S. government. Outlays 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 416.8 billion in earnings to the U.S. treasury.
1.The Fed of the United States ___.
A.function as China Bank
B.is the counterpart of Peoples Bank of China
C.is subjected to the banking community and government
D.has 13 top officers who can influence the American financial market
2.The fact that stock in the Fed belongs to commercial banks ___.
A.doesnt mean the latter is in control
B.means the latter is in control
【英语四级考试阅读训练题(2)】相关文章:
最新
2016-10-18
2016-10-11
2016-10-11
2016-10-08
2016-09-30
2016-09-30