1. Read the text quickly and sign the difficult words
2. Make a list of new vocabulary with their meaning
3. Reread the text and answer the questions given
4. Translate the passasage into Indonesian language
5. Read the text again and write the ideas of each paragraph
6. Make a summary of the passage
Put your answer in an answer field in a form of SKUP in BL102A iMe class and submit it in a form of a link in BL102A iDu class.
2. Status : 100% Finish.
3. Information : I have done this task.
4. Evidence :
1.Read text quickly and sign difficult words
The Federal Reserve System, as an independent agency of the United States government, is charged with overseeing the national banking system. Since 1913 the Federal Reserve System, commonly called the Fed, has served as the central bank for the United Stated. The system consists of twelve District Reserve Bank and their branch offices, along with several committees and councils. All national commercial banks are required bay law to be members of the Fed, and all deposit-taking institutions like credit unions are subject to regulation by Fed regarding the amount of deposited funds that must be held in reserve and that by definition, therefore, are not available for loans. The most powerful body is seven-member Board of Governors in Washington, appointed by the President and by the Senate.
The System’s primarily function is to control monetary policy by influencing the costand availability of money and credit through the purchase and sale of government securities. If the Federal Reserve provides too little, money, interest rates tent to be high, borrowing is expensive, business activity slows down, unemployment goes up, and danger of recession is augmented. If there is too much money, interest rate decline, and borrowing can lead to excess demand, pushing up prices and fuelinginflation.
The Fed has several responsibilities in addition to controlling the money supply. In collaboration with the U.S. Department of the Treasury, the Fed puts new coins and paper currency into circulation by issuing them to banks. It also supervises the activities of member banks abroad, and regulates certain aspects of international finance.
It has been said that the Federal Reserve is actually a fourth branch of the United States government because it is composed of national policy makers. However, in practice, the Federal Reserve does not stray from the financial policies established by the executive branch of the government. Although it is true that the Fed does not depend on Congress for budged allocations, and therefore is free from the partisan politics that influence most of the other governmental bodies, it is still responsible for frequent reports to the Congress on the conduct of monetary policies.
2. Make a list of new vocabulary with their meaning
government : Pemerintah
overseeing : Mengawasi
District : Distrik
branch : Cabang
law : Hukum
amount : Jumlah
funds : Uang
loans : Pinjaman
Board : Papan
primarily : Tertama
influencing : Mempengaruhi
cost : Biaya
provides : Menyediakan
recession : Resesi
decline : Menurun
demand : Permintaan
fueling : Pengisian bahan bakar
currency : Mata uang
certain : Tertentu
stray : Tersesat
established : Mapan
depend : Tergantung
allocations : Alokasi
3. Read the text again and write the ideas of each paragraph
Paragraph 1: The Federal Reserve System, commonly called the Fed, has served as the central bank for the United Stated, Since 1913.
Paragraph 2: This system mainly serves to control the monetary policy by influencing the cost and availability of money and credit.
Paragraph 3: The Fed in addition to controlling the money supply, the Fed put the new coins and paper currency into circulation by issuing them to the bank.
Paragraph 4: It has been said that the Federal Reserve is actually the fourth branch of the US government because it is composed of national policy makers.
4. Reread the text and answer questions given
Which of the following is the most appropriate title for the passage?
B. The Federal Reserve System
C. The Board Of Governors
D. Monetary Policies
The word overseeing in paragraph 1 is closest in meaning to?
The word confirmed in the paragraph 1 could best be replaced by?
According to the passage, the principal responsibility of The Federal Reserve System is?
A. To borrow money
B. To regulate monetary policies
C. To print government securities
D. To appoint the board of Governors
The word securities in the paragraph 2 is intended to mean?
What happen when The Federal Reserve provides too little money?
A. Demand for loans increases
B. Unemployment slowa down
C. Interest rates go up
D. Business expand
In paragraph 2, the author suggests that inflation is caused by?
A. High unemployment rates
B. Too much money in the economy
C. Very high fuel prices
D. A limited supply of goods
What does the author mean by the statement “However, in practice, The Federal Reserve does not stray from the financial policies established by the executive branch of the government”?
A. The Fed more powerful than the executive branch of the government
B. The policies of the Fed and of the executive branch of the government are not the same
C. The Fed tends to follow the policies of the executive branch government
D. The Fed reports to the executive branch of the government
All of the following statements could be included in summary of the passage EXCEPT:
A. The Federal Reserve is an independent agency of the United States government
B. The Federal Reserve controls the flow of money and credit by buying and selling government securities
C. The Federal Reserve issues new coins and currency to banks
D. The Federal Reserve receives its yearly budget from Congress
5. Make a summary of the passage
The Federal Reserve System, as an independent agency of the United States government, is charged with overseeing the national banking system. Since 1913 the Federal Reserve System, commonly called the Fed, has served as the central bank for the United Stated. The System’s primarily function is to control monetary policy by influencing the cost and availability of money and credit through the purchase and sale of government securities. The Fed has several responsibilities in addition to controlling the money supply. In collaboration with the U.S. Department of the Treasury, the Fed puts new coins and paper currency into circulation by issuing them to banks.
6. Translate the passage into Indonesian
Federal Reserve System, sebagai suatu badan independen dari pemerintah Amerika Serikat, dituduh mengawasi perbankan nasional. Sejak 1913 Federal Reserve System, biasa disebut Fed, menjabat sebagai bank sentral untuk Amerika dinyatakan. Sistem ini terdiri dari dua belas distrik Reserve Bank dan kantor-kantor cabang mereka, bersama dengan beberapa Komite dan Dewan. Semua bank komersial nasional undang-undang Teluk yang diperlukan untuk menjadi anggota the Fed, dan semua deposit-mengambil lembaga seperti credit Union tergantung pada peraturan oleh Fed mengenai jumlah dana disimpan yang harus diadakan di cadangan dan yang menurut definisi, oleh karena itu, tidak tersedia untuk pinjaman. Tubuh paling kuat adalah tujuh orang anggota Dewan Gubernur di Washington, ditunjuk oleh Presiden dan Senat.
Sistem terutama fungsi adalah untuk mengontrol kebijakan moneter dengan mempengaruhi biaya dan ketersediaan uang dan kredit melalui pembelian dan penjualan sekuritas pemerintah. Jika cadangan Federal menyediakan terlalu sedikit, uang, tenda suku bunga tinggi, pinjaman mahal, kegiatan usaha melambat, pengangguran naik, dan bahaya resesi ditambah. Jika ada terlalu banyak uang, penurunan suku bunga, dan pinjaman dapat mengakibatkan kelebihan permintaan, mendorong harga dan mendorong inflasi.
Fed memiliki beberapa tanggung jawab serta mengontrol jumlah uang beredar. Bekerja sama dengan Departemen AS keuangan, Fed menempatkan baru koin dan uang kertas dalam sirkulasi dengan mengeluarkan mereka ke bank. Ini juga mengawasi aktivitas Bank anggota di luar negeri, dan mengatur aspek-aspek tertentu dari keuangan internasional.
Telah dikatakan bahwa Federal Reserve adalah benar-benar keempat cabang pemerintah Amerika Serikat karena terdiri dari pembuat kebijakan nasional. Namun, dalam prakteknya, Federal Reserve tidak menyimpang dari kebijakan-kebijakan keuangan yang didirikan oleh cabang eksekutif pemerintahan. Walaupun memang benar bahwa Fed tidak tergantung pada Kongres untuk alokasi beranjak, dan karena itu bebas dari politik partisan yang mempengaruhi sebagian besar badan-badan pemerintah lainnya, hal ini masih bertanggung jawab untuk sering laporan kepada Kongres pada pelaksanaan kebijakan moneter.