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Open－market operations 公开市场业务
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第1题
从下面提供的答案中选出应填入下列英文语句中______内的正确答案。
An instruction is made up of operations that(1)the function to be performed and operands that represent the data to be operated on. For example, if an instruction is to perform the operation of(2)two numbers, it must know(3)the two numbers are. The processor's job is to(4)instructions and operands from memory and to perform each operation. Having done that, it signals memory to send it the(5)instruction.
第2题
Imagine that the EMS became a monetary union with a single currency but that it created no European Central Bank to manage this currency．Instead，imagine that the task was left to the various national central banks．each of which was allowed to issue as much of the European currency as it liked and to conduct open-market operations．What problems can you foresee arising from such a scheme？
