In the following passage, there are blanks each of which has been numbered.…
2024
In the following passage, there are blanks each of which has been numbered. These numbers correspond to the question numbers; against each question, five words have been suggested, one of which fills the blanks appropriately.
Banks have a long history and have _____(1)______economies and politics for centuries. The development of central banks, responsible for the monetary policy of their country and with supervisory powers over banks, _____(2)______ that financial institutions do not behave recklessly or fraudulently. In most countries, the central bank is state-owned and has a minimal degree of_____(3)______ to allow for the possibility of government intervention in monetary policy. While commercial banks serve individuals and businesses,_____(4)______ the flow of money and thus supporting economic transactions, the central bank's function is to maintain economic_____(5)______ by storing and regulating the flow of money, much as various organs in the human body regulate the production and flow of blood, including the production and flow of red and white blood cells, to support the health of the body as a whole.
Find the appropriate word in case 3.
- A.
coercion
- B.
compulsory
- C.
emancipation
- D.
autonomy
Attempted by 180 students.
Show answer & explanation
Correct answer: D
Answer: autonomy
Definitions of the choices:
Coercion: persuading or forcing someone to do something by threats or force.
Compulsory: required by law or a rule.
Emancipation: the process of being freed from legal, social, or political restrictions.
Autonomy: freedom from external control or influence.
Why autonomy fits the blank:
The sentence reads 'In most countries, the central bank is state-owned and has a minimal degree of _____ to allow for the possibility of government intervention in monetary policy.' The required word should mean freedom from external control. 'A minimal degree of autonomy' correctly conveys that the central bank has only limited independence, which allows government intervention when needed. The other choices either do not match the grammatical pattern or do not precisely express institutional independence.
Therefore, autonomy is the best choice.