| Federal Reserve System, central banking
system of the United States, popularly called the Fed. A central bank serves as
the banker to both the banking community and the government; it also issues the
national currency, conducts monetary policy, and plays a major role in
supervision and regulation of banks and bank holding companies. In the U.S.
these functions are the responsibilities of key officials of the Federal Reserve
System: the Board of Governors, located in Washington, D.C., and the top
officers of the 12 district Federal Reserve banks, located throughout the
nation. The Fed’s actions, described below, generally have a significant effect
on the U.S. interest rates and, subsequently, on stock, bond, and other
financial markets. The Federal Reserve’s basic powers are concentrated in the Board of Governors, which is param 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 [填空题]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 U [单项选择]For all his vaunted talents, Federal Reserve Chairman Alan Greenspan has never had much of a reputation as an economic forecaster. In fact, he shies away from making the precise-to-the-decimal-point predictions that many other economists thrive on. Instead, he owes his success as a monetary policymaker to his ability to sniff out threats to the economy and manipulate interest rates to dampen the dangers he perceives.
Now, those instincts are being put to the test. Many Fed watchers--and some policymakers inside the central bank itself--are beginning to wonder whether Greenspan has lost his touch. Despite rising risks to the economy from a swooning stock market and soaring oil prices that could hamper growth, the Greenspan-led Federal Open Market Committee (FOMC) opted to leave interest rates unchanged on Sept. 24. But in a rare dissent, two of the Fed’s 12 policymakers broke ranks and voted for a cut in rates--Dallas Fed President Robert D. McTeer Jr. and central bank Governor Edw A. disapproval B. doubt C. approval D. admiration 我来回答: 提交
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