問題詳情
II. Cloze (10%) It is the role of the Federal Reserve, known simply as the Fed, to control the supply ofmoney in the U.S. through its system of twelve regional Federal Reserve Banks, ___16___ withits own Federal Reserve District Bank. Many commercial banks belong to the Federal ReserveSystem and ___17___ members must follow the Fed’s reserve requirements, a ruling by theFed on the percentage of deposits that a member bank must keep either in its own vaults or ondeposit at the Fed. If the Fed wants to change the money supply, it can change reserverequirements to member banks; ___18___, an increase in the percentage of deposits requiredto be kept on hand would reduce the available money supply. Member banks can also borrowmoney from the Fed, and an additional way that the Fed can control the money supply is toraise or lower the discount rate, the interest rate ___19___ commercial banks borrow from theFed. An increase in the discount rate would reduce the funds available to commercial banksand ___20___ shrink the money supply. In addition to using reserve requirements and thediscount rate to control the money supply, the Fed has another powerful tool: open-marketoperations.
【題組】16.
(A) each
(B) and
(C) which
(D) none
參考答案
答案：A
難度：困難0.363636
統計：A(4),B(2),C(5),D(0),E(0)