金融学(双语)复习资料第5章.docVIP

Chapter 5 THE FEDERAL RESERVE TRUE/FALSE F 1. The power to create money is given by the Constitution to the Federal Reserve.创造货币的权力是宪法赋予美联储 T 2. When corporations retire (pay off) loans from commercial banks, excess reserves are increased.当企业退休从商业银行（支付）的贷款，超额准备金增加。 F 3. When the general public uses money in checking accounts to purchase stock issued by corporations, the required reserves of banks are reduced.当一般公众使用的钱在支票账户购买公司发行的股票，所需要的银行的准备金就会减少 F 4. Only large commercial banks are subject to the regulation of the Federal Reserve.只有大型商业银行受到美联储的监管 F 5. When the Federal Reserve sells securities, the money supply is increased.当美联储出售证券，货币供应量增加 T 6. When the Federal Reserve buys securities, the reserves of banks are increased.当美联储购买证券，银行的准备金增加 T 7. Open market operations is a more flexible tool of monetary policy than the reserve requirements.公开市场操作是货币政策的一个更灵活的工具，比准备金要求 T 8. Reserve requirements are infrequently changed to affect commercial bank lending.准备金要求频繁改变会影响商业银行贷款 T 9. The Open Market Committee has twelve members that include the Board of Governors.公开市场委员会有十二名成员，其中包括理事会 F 10. The presidents of the District Banks elect the Board of Governors of the Federal Reserve.该地区银行的总统选举联邦储备理事会 F 11. The federal funds rate is the interest rate the Federal Reserve charges banks when they borrow reserves.联邦基金利率是利率联邦储备银行收费时，他们借入储备 F 12. If the Treasury borrows from the Federal Reserve, the lending capacity of banks is reduced.如果财政部从美联储借，银行的放贷能力降低 ? T 13. If the Treasury sells debt that is purchased by corporations and uses the funds to purchase military equipment, the excess reserves of the banking system are not affected.如果财政部出售债券是由公司购买并使用的资金购买军事装备，多余的银行体系储备不受影响 T 14. Deflation is a period of declining prices.通货紧缩是一个时期价格下跌 F 15. During a period of recession, the Fed sells securities.在衰退期，美联储出售证券 T 16. The Consumer Price Index (CPI) is a measure of inflation.居民消费价格指数（ CPI）是衡量通货膨胀的 T 17. The Federal Reserve is independent of the U.S. Treasury and is owned by commercial ba