Describe the function of the Federal Reserve.
The first function of the federal reserve will be to manage the supply of the currency. By controlling the supply of currency, it could also maintain the value of the currency and maintain financial stability. Moreover, the federal reserve is actually ack as the government fiscal agent, helping to conduct the monetary policy, managing other member banks, setting and adjusting the legal requirement of reserve amount in every member bank, collecting and clearing the check, and so on.
美联储的第一个职能是管理货币供应。 通过控制货币供应量，还可以保持货币的价值，维护金融稳定。 此外，美联储实际上是政府财政代理人，帮助执行货币政策，管理其他成员银行，设置和调整每个成员银行的法定准备金要求，收取和清算支票等。
Explain how the Federal successfully responded to the collapse of major financial institutions in 2008.
The financial institution in 2008 brought a financial crisis to the whole world. It has caused a drop in the value of the stock price and caused a huge loss for the institution that holds the securities. Even more, our government has been forced to take control over those companies to show their determination to deal with this financial crisis such as the Fannie Mae cooperative. As a response, the federal government has encouraged the people to invest more, and consume more. To achieve this, the federal government has the main focus on increasing the confidence of the securities holder and reducing the losses of those securities holders as well. Federals also try to reduce the tax and increase government expenditure to stimulate the economy, market, and employment.
2008年的金融机构给全世界带来了金融危机。 它造成了股价的下跌，并给持有证券的机构造成了巨大的损失。 更有什者，我们的政府被迫接管这些公司，以显示他们应对这场金融危机的决心，比如房利美合作社。 作为回应，联邦政府鼓励人们增加投资，增加消费。 为实现这一目标，联邦政府的主要重点是提高证券持有人的信心并减少这些证券持有人的损失。 联邦政府还试图通过减税和增加政府支出来刺激经济、市场和就业。
Based on your perception, bitcoin is real money.
In my opinion, money works as a medium of exchange and a tool to measure value. If other tools could do this, I could also say it is also some type of money. Bitcoin has value, even though it was always fluctuating and is unstable, bitcoin could measure its value so that some people are willing to sell products or buy products using bitcoin. However, the value measures of bitcoin are not as perfect and complete as the fiat money system. It means that bitcoin is high in risk, and poor stores of value, yet it could exchange for the product, even exchange into “real money”.
在我看来，金钱是一种交换媒介和衡量价值的工具。 如果其他工具可以做到这一点，我也可以说它也是某种类型的钱。 比特币是有价值的，尽管它总是在波动并且不稳定，但比特币可以衡量它的价值，以便一些人愿意使用比特币出售产品或购买产品。 然而，比特币的价值衡量指标并不像法定货币体系那样完善和完整。 这意味着比特币风险高，价值储存能力差，但它可以兑换产品，甚至可以兑换成“真钱”。
Before the flat money system appeared and was used, people also used the barter system, commodity, or gold as a type of money. However, those “money” in different systems also have a different form and look, but it does not influence what they are using as a medium of exchange. So in my conclusion, bitcoin could be money, but just a different form of “money” compared to the fiat money system.
在扁平货币制度出现和使用之前，人们也将易货制度、商品或黄金作为一种货币。 但是，不同系统中的那些“钱”也有不同的形式和外观，但这并不影响它们作为交换媒介的用途。 因此，在我的结论中，比特币可能是货币，但与固定货币系统相比，它只是一种不同形式的“货币”。
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