Câu hỏi:

17/07/2024 4,164 Lưu

Read the following passage and mark the letter A, B, C, or D to indicate the correct answer to each of the questions from 34 to 40.

The Federal Reserve, often referred to simply as the Fed, is like the money manager of the United States. Established in 1913, its primary goal is to maintain economic stability and prevent financial crises. At its core is the Board of Governors, a group of seven individuals appointed by the President and confirmed by the Senate. Led by the Chair, these governors oversee the Fed's operations and decisions.

One of the Fed's main responsibilities is to control interest rates. By adjusting the federal funds rate, the rate at which banks lend money to each other overnight, the Fed can influence borrowing and spending in the economy. Lowering interest rates makes borrowing cheaper, encouraging people and businesses to spend and invest more, while raising interest rates can help prevent inflation from rising too quickly.

In addition to managing interest rates, the Fed also supervises and regulates banks to ensure they operate safely and fairly. They set rules and regulations to protect consumers and maintain the stability of the financial system. During times of financial stress, such as the 2008 financial crisis, the Fed acts as a lender of last resort, providing liquidity to banks to prevent widespread panic and instability.

The Fed's actions have far-reaching effects on the economy, influencing everything from job growth to inflation rates. Through research and analysis, the Fed continually monitors economic conditions and adjusts its policies accordingly. While its decisions can sometimes be controversial, the Fed plays a crucial role in maintaining the overall health of the U.S. economy.

In summary, the Federal Reserve is a vital institution tasked with managing the nation's monetary policy and financial system. By regulating banks, controlling interest rates, and providing stability in times of crisis, the Fed helps ensure a healthy and prosperous economy for all Americans.

Which of the following could be the best title for the passage? 

A. Understanding the Federal Reserve: America's Financial System 
B. The Role of the Fed: Maintaining Economic Stability 
C. The Federal Reserve: Guardians of All Americans 
D. Exploring the Fed: Analyzing America's Financial Health

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Trả lời:

verified Giải bởi Vietjack

Chọn đáp án B

Câu hỏi cùng đoạn

Câu 2:

The word "its" in paragraph 1 refers to________ 

A. primary goal 
B. economic stability 
C. The Federal Reserve
D. crisis

Xem lời giải

verified Giải bởi Vietjack

Chọn đáp án C

Câu 3:

Which of the following aspects of the Federal Reserve's operations is discussed in paragraph 2? 

A. An important duty of the Federal Reserve. 
B. The establishment of the Board of Governors. 
C. The confirmation process for members of the Board of Governors. 
D. A specific task of the Chair of the Board of Governors.

Xem lời giải

verified Giải bởi Vietjack

Chọn đáp án A

Câu 4:

According to the passage, what role does the Federal Reserve play during times of financial crisis? 

A. Implementing policies to stimulate economic growth. 
B. Providing financial support for struggling industries. 
C. Acting as a lender of last resort to provide liquidity to banks. 
D. Intervening in international financial markets to stabilize exchange rates.

Xem lời giải

verified Giải bởi Vietjack

Chọn đáp án C

Câu 5:

The word "far-reaching" in paragraph 4 is opposite in meaning to_________ 

A. widespread 
B. insignificant
C. considerable 
D. incautious

Xem lời giải

verified Giải bởi Vietjack

Chọn đáp án B

Câu 6:

The word "monitors" in paragraph 4 is closest in meaning to________ 

A. maintains 
B. observes 
C. acquires 
D. modifies

Xem lời giải

verified Giải bởi Vietjack

Chọn đáp án B

Câu 7:

It can be inferred from the passage that 

A. the Federal Reserve's actions primarily focus on stimulating economic growth through monetary policy 
B. the Federal Reserve plays a significant role in maintaining the stability of the financial system and managing economic crises 
C. the Federal Reserve's decisions are guided by political considerations rather than economic indicators 
D. the Federal Reserve's interventions in the economy have negligible effects on job growth and inflation rates

Xem lời giải

verified Giải bởi Vietjack

Chọn đáp án B

CÂU HỎI HOT CÙNG CHỦ ĐỀ

Câu 1

A. inform                          

B. information                   
C. informative                   
D. informatively

Lời giải

Chọn đáp án A

Câu 2

A. prominent                     

B. notorious                       
C. sentimental                  
D. obscure

Lời giải

Chọn đáp án A

Câu 3

A. Which events not only pose immediate dangers to human lives and infrastructure

B. What is not only events posing immediate dangers to human lives and infrastructure

C. These events not only pose immediate dangers to human lives and infrastructure

D. Not only does these events pose immediate dangers to human lives and infrastructure

Lời giải

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Câu 4

A. Cryptocurrency: The Future of Money in the Digital Age 
B. A Revolution in Finance with Digital Wallet 
C. Opportunities and Risks of Bitcoin in the Future 
D. Decentralized Digital Currency and Its Implications

Lời giải

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Lời giải

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Câu 6

A. passed out 
B. came across 
C. gave up 
D. tried on

Lời giải

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