Stage 2　Listening Comprehension

Stage 2　Listening Comprehension

Now,you will listen to the lecture on Central Banks.As you listen,find answers to the following questions:

1.What are the objectives that the central bank pursues?

2.Why is the Bank of England called“the Old Lady of Threadneedle Street”?

3.How does the US Federal Reserve System operate?

4.What does the central bank do as a fiscal agent?

5.Under what circumstances does the central bank take the role of lender of last resort?

6.What policy instruments does the central bank have?