2. 职称英语
  3. •Read the text below about federal reserve system.•In most of the lines 34--45

•Read the text below about federal reserve system.•In most of the lines 34--45

游客2025-05-20  7
问题 •Read the text below about federal reserve system.
•In most of the lines 34--45 there is one extra word. It is either grammatically incorrect or does not fit in with the meaning of the text. Some lines, however, are correct.
•If a line is correct, write CORRECT on your Answer Sheet.
•If there is an extra word in the line, write the extra word in CAPITAL LETTERS on your Answer Sheet.
                                The Federal Reserve System
Correct Commonly known as the Federal Reserve Bank or the "Fed", this is the central
Which bank of the United States which founded in 1913, it determines the Reserve
34  Requirement within limits set out by the US Congress. The function of the Fed is
35  economic stabilization operate through the management of the national money
36  supply. The Federal Reserve System comprises with a board of governors with
37  seven members both stationed in Washington D. C. The responsibilities of the
38  Fed system are carried out through 12 Regional Federal Reserve Banks
39  controlling. The members of the Fed include the commercial banks, i.e. those
40  with the national chartered commercial banks and approximately to 10% of the
41  State-chartered commercial banks. These member banks buy stock from their
42  Regional Federal Reserve Banks is the larger body of the Fed system which
43  determines what the interest rates of the USA. Through the purchasing and
44  selling of securities, the Fed is able to control the money supply. Its open-market
45  operations may well effect the reserve base, thus restricting the credit and loan market in the USA. [br]
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