MBA历年英语阅读理解真题(01-12年).pdfVIP

2001 年 MBA 英语真题及答案 Questions 31 to 34 are based on the following passage: The stability of the U.S. banking system is maintained by means of supervision and regulation,inspections, deposit insurance,and loans to troubled banks.For over 50 years,these precautions have prevented banking panics.However,there have been some close calls.The collapse of Continental lllinois Bank Trusted Company of Chicago in 1984 did not bring down the banking system,but it certainly rattled some windows. In the late 1970s,Continental soared to a leadership position among Midwestern banks.Parts of its growth strategy were risky,however.It made many loans in the energy field,including billion that it took over from Penn Square Band of Oklahoma City.To obtain the funds it needed to make these loans,Continental relied heavily on short term borrowing from other banks and large,30 day certificates of deposit-hot money,in banking jargon.At least one Continental officer saw danger signs and wrote a warning memo to her superiors,but the memo went unheeded .Although the Comptroller of the Currency inspected Continental on a regular basis,it failed to see low serious its problems were going to be. Penn Square Bank was closed by regulators in July 1982.When energy prices began to slip,most of the billion in loans that Continental had taken over from the smaller banks turned out to be had.Other loans to troubled companies such Chrysler,lnternational Harvester,and Braniff looked questionable.Seeing these problem ， hot moneyowners began to pull their funds out of Continental. By the spring of 1984,a run on Continental had begun.In May,the bank had to borrow .5 billion from the Fed to replace overnight funds it bad lost.But this was not enough.To try to stem the outflow of deposits from Continemtal,the FDIC agreed to