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▶ Phrase Check

3 3 10 Economy. * 총 33 문항 , 각 문제당 3 점씩 배점. ▶ Word Check. ☞ Write the meanings of the words. ▶ Phrase Check. ☞ Choose the correct word or phrase for each blank.

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▶ Phrase Check

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  1. 3 3 10 Economy * 총 33문항, 각 문제당 3점씩 배점 ▶Word Check ☞ Write the meanings of the words. ▶Phrase Check ☞ Choose the correct word or phrase for each blank. subject to, fall into, its role in banking, playing a major role in operating, in pursuit of

  2. 3 3 10 Economy ▶Reading Comprehension Federal Reserve System The Federal Reserve System is the central bank of the United States. It was founded by Congress in 1913 to provide the nation with a safer, more flexible, and more stable monetary and financial system. Over the years, its role in banking and economy has expanded. Today, the Federal Reserve’s duties fall into four general areas. First, the Federal Reserve conducts the nation’s monetary policy by influencing the monetary and credit conditions in the economy in pursuit of maximum employment, stable prices, and moderate long-term interest rates. Second, the central bank supervises and regulates banking institutions to ensure the safety and soundness of the nation’s banking and financial system and to protect the credit rights of consumers. Third, the bank maintains the stability of the financial system and contains systemic risk that may arise in financial markets. Last, the Federal Reserve provides financial services to depository institutions, the US. government, and foreign official institutions, including playing a major role in operating the nation’s payment system. Most developed countries have a central bank whose functions are broadly similar to those of the Federal Reserve. The oldest, Sweden’s Riksbank, has existed since 1668 and the Bank of England since 1694. Napoleon I established the Banque de France in 1800, and the Bank of Canada began operations in 1935. The German Bundesbank was reestablished after World War II and is loosely modeled on the Federal Reserve. More recently, some functions of the Banque de France and the Bundesbank have been assumed by the European Central Bank, formed in 1998. The Federal Reserve System is considered to be an independent central bank because its decisions do not have to be ratified by the president or anyone else in the executive branch of government. The System is, however, subject to oversight by the US. Congress. ☞ Choose the best answer based on the article.

  3. 3 3 10 Economy ☞ Write True(T) or False(F). ▶ Structure ☞ Correct the underlined part. 33. The media play a major role in influence people’s opinions. →

  4. 3 3 10 Economy * 총 33문항, 각 문제당 3점씩 배점 ▶Word Check ☞ Write the meanings of the words. ▶Phrase Check ☞ Choose the correct word or phrase for each blank. subject to, fall into, its role in banking, playing a major role in operating, in pursuit of

  5. 3 3 10 Economy ▶Reading Comprehension Federal Reserve System The Federal Reserve System is the central bank of the United States. It was founded by Congress in 1913 to provide the nation with a safer, more flexible, and more stable monetary and financial system. Over the years, its role in banking and economy has expanded. Today, the Federal Reserve’s duties fall into four general areas. First, the Federal Reserve conducts the nation’s monetary policy by influencing the monetary and credit conditions in the economy in pursuit of maximum employment, stable prices, and moderate long-term interest rates. Second, the central bank supervises and regulates banking institutions to ensure the safety and soundness of the nation’s banking and financial system and to protect the credit rights of consumers. Third, the bank maintains the stability of the financial system and contains systemic risk that may arise in financial markets. Last, the Federal Reserve provides financial services to depository institutions, the US. government, and foreign official institutions, including playing a major role in operating the nation’s payment system. Most developed countries have a central bank whose functions are broadly similar to those of the Federal Reserve. The oldest, Sweden’s Riksbank, has existed since 1668 and the Bank of England since 1694. Napoleon I established the Banque de France in 1800, and the Bank of Canada began operations in 1935. The German Bundesbank was reestablished after World War II and is loosely modeled on the Federal Reserve. More recently, some functions of the Banque de France and the Bundesbank have been assumed by the European Central Bank, formed in 1998. The Federal Reserve System is considered to be an independent central bank because its decisions do not have to be ratified by the president or anyone else in the executive branch of government. The System is, however, subject to oversight by the US. Congress. ☞ Choose the best answer based on the article.

  6. 3 3 10 Economy ☞ Write True(T) or False(F). ▶ Structure ☞ Correct the underlined part. 33. The media play a major role in influence people’s opinions. → play a major role in influencing

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