full transcript

From the Ted Talk by Doug Levinson: What gives a dollar bill its value?

Unscramble the Blue Letters


Which branch of our government sets this policy? The Executive, the lgelivtsiae, or the Judicial? The ssirnupirg answer is: none of the above! In fact, monetary policy is set by an independent Federal Reserve System, or the Fed, made up of 12 regional banks in mojar cities around the country. Its board of governors, which is appointed by the president and confirmed by the Senate, rpteors to Congress, and all the Fed's profit goes into the US Treasury. But to keep the Fed from being ifenlecund by the day-to-day viidiusectss of politics, it is not under the direct control of any branch of government.

Open Cloze


Which branch of our government sets this policy? The Executive, the ___________, or the Judicial? The __________ answer is: none of the above! In fact, monetary policy is set by an independent Federal Reserve System, or the Fed, made up of 12 regional banks in _____ cities around the country. Its board of governors, which is appointed by the president and confirmed by the Senate, _______ to Congress, and all the Fed's profit goes into the US Treasury. But to keep the Fed from being __________ by the day-to-day ____________ of politics, it is not under the direct control of any branch of government.

Solution


  1. major
  2. vicissitudes
  3. influenced
  4. reports
  5. surprising
  6. legislative

Original Text


Which branch of our government sets this policy? The Executive, the Legislative, or the Judicial? The surprising answer is: none of the above! In fact, monetary policy is set by an independent Federal Reserve System, or the Fed, made up of 12 regional banks in major cities around the country. Its board of governors, which is appointed by the president and confirmed by the Senate, reports to Congress, and all the Fed's profit goes into the US Treasury. But to keep the Fed from being influenced by the day-to-day vicissitudes of politics, it is not under the direct control of any branch of government.

Frequently Occurring Word Combinations


ngrams of length 2

collocation frequency
dollar bill 3


Important Words


  1. answer
  2. appointed
  3. banks
  4. board
  5. branch
  6. cities
  7. confirmed
  8. congress
  9. control
  10. country
  11. direct
  12. executive
  13. fact
  14. fed
  15. federal
  16. government
  17. governors
  18. independent
  19. influenced
  20. judicial
  21. legislative
  22. major
  23. monetary
  24. policy
  25. politics
  26. president
  27. profit
  28. regional
  29. reports
  30. reserve
  31. senate
  32. set
  33. sets
  34. surprising
  35. system
  36. treasury
  37. vicissitudes