二、克漏字：共5題，每題2分       The American banking system is currently grappling with formidable challenges, as aresult of multiple bank failures that have ensued since the Federal Reserve embarked on aprogram of raising interest rates one year ago. Based on historical data, financial crises havetended to __11__ approximately once per decade. Hence, given the passage of time, we maybe at the cusp of an overdue __12__. The low-interest-rate environment and cyclicalinjections of __13__ by central banks since the collapse of Lehman Brothers in 2008 haveserved as a prop for the markets. __14__, the repercussions of hiking interest rates andconstricting capital in the financial system have resulted in the deflation of housing bubbles,plummeting share prices, and significant losses for banks on their government bond holdings.Although the Bank of England has acted expeditiously, raising interest rates ten times insuccession since December 2021, the Federal Reserve has been __15__ swift to respond. Thecurrent state of affairs is distinguished by three traditional indicators of an impendingrecession, which are a housing market slump, bank failures, and a rise in unemployment. Ofthese indicators, the first two have already transpired in the US.
【題組】11.
(A) concede
(B) envisage
(C) manifest
(D) reserve