商业银行管理罗斯答案【篇一：商业银行管理彼得s.罗斯英文原书第8版英语试题库chap002】>the impact of government policy and regulation on the financial-services industryfill in the blank questions1. the _____________________ was created as part of the glass steagall act. in the beginning itinsured deposits up to $2,500.answer: fdic2. the________________________ is the law that states that a bank must get approved from theirregulatory body in order to combine with another bank.answer: bank merger act3. one tool that the federal reserve uses to control the money supply is _________________federal reserve will buy and sell t-bills when they are using this tool of monetary policy.answer: open market operations4. the__________________________ was created in 1913 in response to a series of economicdepressions and failures. its principal role is to serve as the lender of last resort and to stabilize the financial markets.answer: federal reserve5. the __________________________ prevented banks from crossing state lines and made nationalbanks subject to the branching laws of their state.this act was later repealed by the riegle neal interstate banking law.answer: mcfadden-pepper act6. because the fdic levies fixed insurance premiums regardless of risk, this leads to a problem calledthe ____________________ among banks. the fixed premiums encourage all banks to accept greater risk.answer: moral hazard7. in 1980, __________________________ was passed and lifted government ceilings on depositinterest rates in favor of free market interest rates.answer: didmca158. one tool that the federal reserve uses to control the money supply is _________________. thefederal reserve will change the interest rate they charge for short term loans when they are using this tool of monetary policy.answer: changing the discount rate9. the first major federal banking law in the u.s. was the__________________________. this lawwas passed during the civil war and set up a system for chartering national banks and created the occ.answer: national banking act10. the_________________________ was passed during the great depression. it separatedinvestment and commercial banks and created the fdic.answer: glass-steagall act11. the__________________________ brought bank holding companies under the jurisdiction of thefederal reserve.answer: bank holding company act12. the__________________________ allows bank holding companies to acquire banks anywhere inthe united states. however, no one bank can control more than 30 percent of the deposits in any one state or more than 10 percent of the deposits across the country.answer: riegle-neal interstate banking act13. firms either through a holding company or as a subsidiary. answer: gramm-leach-bliley act (financial services modernization act)14. customers of financial-service companies may_____________________ of having their privateinformation shared with a third party such as a telemarketer. however, in order to do this they must tell the financial-services company in writing that they do not want their personal informationshared with outside parties.answer: opt out15. the federal bank regulatory agency which examines the most banks is the ______________.answer: fdic16. the _________________ requires financial service companies to report suspicious activity incustomer accounts to the treasury department.answer: u.s. patriot act16 test bank, chapter 217. the central bank of the new european union is known as the _______________________.answer: european central bank or ecb18. the _____________________ act prohibits banks and other publicly owned firms frompublishing false or misleading financial performance information.answer: sarbanes-oxley19. they use today to carry out this role; open market operations, the discount rate and legal reserve requirements. answer: monetary policy20. reserve. it consists of seven members appointed by the president for terms not exceeding 14 years. answer: board of governors21. answer: state insurance commissions22. answer: the national credit union administration.23. and allows the public to apply for a free credit report oncea year.answer: fair and accurate credit transactions act (fact act)24. allows for banks to electronically send check images instead of shipping paper checks across the country.answer: check 21 act25. treasury department. it is the primary regulator of national banks.answer: office of the comptroller of the currency (occ)26. the _________________________ proposes various regulations applying to the financial marketsto combat the recent credit crisis. this “bail-out” bill granted the us treasury the means topurchase troubled loans, allowed the fdic to temporarily increase deposit insurance, andpermitted the government to inject additional capital into the banking system.answer: the emergency economic stabilization act of 2008true/false questions17t f 27. federal reserve act authorized the creation of the federal deposit insurance corporation.answer: falset f 28. in the united states, fixed fees charged for deposit insurance, regardless of how risky aanswer: truet f 28. government-sponsored deposit insurance typically encourages individual depositors tomonitor their banks behavior in accepting risk.answer: falset f 29. the federal reserve changes reserve requirements frequently because the affect of thesechanges is so small.answer: falset f 30. the bank merger act and its amendments requires that bank holding companies be underthe jurisdiction of the federal reserve.answer: falset f 31. national banks cannot merge without the prior approval of the comptroller of thecurrency.answer: truet f 32. the truth in lending (or consumer credit protection) act was passed by the u.s.congress to outlaw discrimination in providing bank services to the public.answer: falset f 33. the federal law that states individuals and families cannot be denied a loan merely becauseof their age, sex, race, national origin or religious affiliation is known as the competitiveequality in banking act.answer: falset f 34. under the terms of the 1994 riegle-neal interstate banking law bank holding companiescan acquire a bank anywhere inside the united states, subject to federal reserve boardapproval.answer: truet f 35. nationwide deposits that an interstate banking firm is allowed to control.18 test bank, chapter 2answer: falset f 36. the term regulatory dialectic refers to the dual system of banking regulation in the and local governments regulate banks.answer: falset f 37. the moral hazard problem of banks is caused by the fixed insurance premiums paid bybanks and causes banks to accept greater risk.answer: truet f 38. when the federal reserve buys t-bills through its open market operations, it causes thegrowth of bank deposits and loans to decrease.answer: falset f 39. when the federal reserve increases the discount rate it generally causes other interest ratesto decrease.answer: falset f 40. the national bank act (1863) created the federal reserve which acts as the lender of lastresort.answer: falset f 41. firrea (1989) allowed bank holding companies to acquire nonblank depositoryinstitutions and, if desired, convert them into branch offices. answer: truet f 42. the sarbanes-oxley act allows banks, insurance companies, and securities firms to formfinancial holding companies (fhcs).answer: falset f 43. the gramm-leach-bliley act of 1999 essentially repeals the glass-steagall act passed inthe 1930s.answer: truet f 44. passed in 1977, the equal credit opportunity act prohibits banks from discriminatingagainst customers merely on the basis of the neighborhood in which they live.answer: falset f 45. the tool used by the federal reserve system to influence the economy and behavior of19【篇二：商业银行管理彼得s.罗斯英文原书第8版英语试题库chap003】the organization and structure of banking and the financial-services industryfill in the blank questions1. a(n) ___________________ is a machine located at the merchants place of business which allowsdepositors to use their debit card to pay for purchases directly. answer: pos2. a(n) _____________________ is a bank which offers its full range of services from severallocations.answer: branch bank3. a(n) _____________________ is a bank which offers its full range of services from only onelocation.answer: unit bank4. the stock of one or more banks.answer: bank holding company5. managers who value fringe benefits, plush offices and ample travel budgets over the pursuit ofmaximum returns for stockholders are exhibiting signs of__________________________. answer: expense preference behavior6. a(n) __________________________ can invest in corporate stock as sell as loan money to help finance the start of new ventures or support the expansion of existing businesses.answer: merchant bank7. a bank which operates exclusively over the internet is known as a ___________ bank.answer: virtual8. one new 21st century bank organizational structures is_____________________ . this is a special type of holding company that may offer the broadest range of financial services. answer: financial holding company (fhc)28 test bank, chapter 39. knowledgeable about banking practices but may be less informed about products and services of subsidiary companies.answer: span of control10. which banks may provide securities, insurance, and other financial products.answer: universal11. answer: independent12. relationship between a firm’s owners and its managers.answer: agency theory13. the board of directors and stockholders, is more complicated in financial institutions. answer:because of government regulations.14. unit as the firm gets larger.answer: economies of scale15. services using the same organization and resources.answer: economies of scope16. over the years, managers of banks and other financial institutions have evolved differentorganizational forms to address changes in the industry. indeed, these firms are organized to carry out various roles in the most efficient way. this is referred to as_________________________. answer: organizational form follows functiontrue/false questionst f 17.answer: falset f 18. nearly three quarters of all u.s. banks exceed $100 million in asset size apiece.answer: falserose/hudgins, bank management and financial services, 8/e 29t f 19. nearly all u.s. banks with federal or state charters have their deposits insured by thefederal deposit insurance corporation.answer: truet f 20. state-chartered banks in the united states represent about a quarter of all u.s.-charteredbanks, while national banks account for approximately three quarters of all u.s. charteredbanks.answer: falsett f 21. the majority of all u.s. banks are members of the federal reserve system. answer: false f 22. a banking corporation chartered by either federal or state governments that operates onlyone full-service office is called a unit bank.answer: truet f 23. over half of all u.s. states today limit branching activity. answer: falset f 24. the average u.s. bank is larger in size (in terms of number of branch offices) than theaverage canadian bank.answer: falset f 25. despite the rapid growth of automation in u.s. banking, there are more full-service branchbanking offices than automated teller machines across the whole u.s.answer: falset f 26. in the united states there are more one-bank holding companies than multi-bank holdingcompanies.answer: truet f 27. bank holding companies hold more than 90 percent of the industry’s assets in the unitedstates.answer: truet f 28. research evidence suggests that banks taken over by interstate banking organizations haveanswer: false30 test bank, chapter 3t f 29. the concentration of bank deposits at the local level (that is in urban communities and ruralcounties) has displayed only moderate changes in recent years.answer: truett f 30. there is evidence that branch banks charge higher fees for some banking services than do unit banks. answer: true f 31. branch banks tend to offer a wider menu of services than unit banks.answer: falset f 32. recent research suggests that branch banks tend to be more profitable than either unit orholding company banks, while interstate banks tend to be the most profitable of all.answer: falset f 33. less than 10 percent of the largest banks in the u.s. control almost 90 percent of theindustry assets.answer: truet f 34. agency theory suggests that bank management will always pursue the goal of maximizingthe return of the banks shareholders.answer: falset f 35. recent research suggests that the relationship between bank size and the cost of productionper unit is roughly u shaped.answer: truet f 36. bank holding companies that want to achieve the goal of risk reduction in earnings riskthrough interstate banking can achieve the same level of risk reduction by entering any ofthe fifty states.answer: falset f 37. bank holding companies are allowed to own nonbank businesses as long as thosebusinesses offer services closely related to banking.answer: truet f 38. banks tend to have a higher proportion of outside directors than a typical manufacturingfirm.answer: truerose/hudgins, bank management and financial services, 8/e 31t f 39. banks which operate entirely on the web are known as invisible banks.answer: falset f 40. banks acquired by holding companies are referred to as affiliated banks.answer: truet f 41. bank organizational structure has become more complex in recent years.answer: truet f 42. there are only a very small number of unit banks in the u.s. today.answer: falsett f 43. traditional brick-and-mortar bank branch offices are on the decline in the u.s. today. answer: false f 44. community banks are usually smaller banks that are devoted principally to the markets forsmaller, locally based deposits and loans.answer: truef 45. the question of whether financial firms operate as efficiently as possible requiresresearchers to look into the issue of x-efficiency. the concept requires an assessment of thefinancial firm’s operating costs in relation to its cost-efficient frontier.answer: true tmultiple choice questions46. in banking, organizational form follows __________ because banks usually are organized in such away as to carry out the tasks and supply the services demanded of them. the term that correctly fills in the blank in the sentence above is:a) bank sizeb) managements decisionc) functiond) regulatione) locationanswer: c47. which one of the following is charged with setting policy and overseeing a banks performance?a) stockholdersb) board of directors【篇三：商业银行管理彼得s.罗斯英文原书第8版英语试题库chap009】risk management: asset-backed securities, loan sales, credit standbys, and credit derivativesfill in the blank questions1. when a bank sets aside a group of income-earning assets and then sells securities based upon thoseassets it is ________________________ those assets.answer: securitizing2. the loans and sells securities.answer: special purpose entity3. a(n) _________________________ allows a homeowner to borrow against the residual value oftheir residence.answer: home equity loan4. _________________________ allow the bank to generate fee income after they have sold a loan.the bank continues to collect interest and principal from the borrowers and passes these collections to the loan buyers.answer: servicing rights5. in a _________________________ an outsider purchases part of a loan from the selling financialanswer: participation loan6. a(n) _________________________ is a contingent claim of the bank that issues it. the issuingbank, in return for a fee, guarantees the repayment of a loan received by its customer or the fulfillment of a contract made by its customer to a third party.answer: standby credit agreement7. a(n) _________________________ occurs when two banks agree to exchange a portion or all ofthe loan repayments of their customers.answer: credit swap8. a(n) __________________ guards against the losses in the value of a credit asset. it would pay offif the asset declines significantly in value or if it completely turns bad.answer: credit option.9. a(n) _________________________ combines a normal debt instrument with a credit option. itallows the issuer of the debt instrument to lower its loan repayments if some significant factorchanges.answer: credit linked note10. the _________________________ of a standby letter of credit is a bank or other investor who isconcerned about the safety of funds committed to the recipient of the standby letter of credit.answer: beneficiary11. a(n) _________________________ guarantees the swap parties a specific rate of return on theircredit asset. bank a may agree to pay the total return on the loan to bank b plus any appreciation in the market value of the loan. in return bank a will often get libor plus a fixed spread plus any depreciation in the value of the loan.answer: total return swap12. the ________________________ is the party that is requesting a standby letter of credit.answer: account party13. the __________________ is the bank or financial institution which guarantees the payment of theloan in a standby letter of credit.answer: issuer14. a(n) _________________________ is a loan sale where ownership of the loan is transferred to thebuyer of the loan, who then has a direct claim against the borrower.answer: assignment15. longer maturity loan, entitling the purchaser to a fraction of the expected loan income.answer: loan strip16. a relatively new type of credit derivative is a cdo which stands for __________________.answer: collateralized debt obligation17. insurance companies are a prime __________ of credit derivatives.answer: seller18. when default occurs on a loan or other debt instrument.answer: credit derivativerose/hudgins, bank management and financial services, 8/e 14719. to handle comparatively limited declines in value but wants insurance against serious losses.answer: credit default swap20. pools of credit derivatives that mainly insure against defaults on corporate bonds. the creators of these instruments do not have to buy and pool actual bonds but can create these instruments and generate revenues from selling and trading in them.answer: synthetic cdos (collateralized debt obligations)21. that investors have a better idea of what the new securities are likely to be worth.answer: credit rating agency22. default of the underlying loans in a securitization. these can be internal or external to thesecuritization process and lower the risk of the securities.answer: credit enhancement23. promise a different coupon rate and which have different maturity and risk characteristics.24. lenders can set aside a group of loans on their balance sheet, issue bonds and pledge the loans as the bank’s balance sheet as liabilities.25. appear to have the unofficial backing of the federal government in the event of default.answer: government sponsored enterprises (gses)true/false questionst f 26. securitization is designed to turn illiquid loans into liquid assets in the form of securitiessold in the open market.answer: truet f 27.answer: truet f 28. securitized assets cannot be removed from a banks balance sheet until they mature.answer: falsetest bank, chapter 9 148t f 29. securitization raises the level of competition for the best-quality loans among banks.answer: truet f 30. servicing rights on loans sold consist of the collection of interest and principal paymentsfrom borrowers and monitoring borrower compliance with loan terms.answer: truet f 31. a loan sold by a bank to another investor with recourse means the bank has given theanswer: falset f 32. an account party will seek a banks standby credit guarantee if the banks fee for issuing theguarantee is less than the value assigned the guarantee by its beneficiary.answer: truet f 33. securitization tends to lengthen the maturity of a banks assets.answer: falset f 34. securitized assets as a source of bank funds are subject to reserve requirements set by thefederal reserve board.answer: falset f 35. securitizations of commercial loans usually carry the same regulatory capital requirementsfor a bank as the original loans themselves.answer: truet f 36. most loans that banks sell off their balance sheets have minimum denominations of at leasta million dollars.answer: truet f 37. most loans that banks sell off their balance sheets carry interest rates that usually areconnected to long-term interest rates (such as the 30-year treasury bond rate).answer: falset f 38. in a participation loan the purchaser is an outsider to the loan contract between the financialinstitution selling the loan and the borrower.answer: truerose/hudgins, bank management and financial services, 8/e 149t f 39.answer: truet f 40. under an assignment ownership of a loan is transferred to the buyer, though the buyer stillholds only an indirect claim against the borrower.answer: falset f 41. loan sales are generally viewed as risk-reducing for the selling financial institution.answer: truet f 42. in a cmo, the different tiers (or tranches) of security purchasers face the same prepaymentrisk.answer: falset f 43. a standby letter of credit substantially reduces the issuing banks interest rate risk andliquidity risk.answer: falset f 44. securitization of loans can easily be applied to business loans since these loans tend tohave similar cash flow schedules and comparable risk structures.answer: falset f 45. the advantage of a credit swap is that it allows each bank in the swap to broaden its marketarea and spread out its credit risk on its loans.answer: truet f 46. bank use of credit derivatives is dominated by the largest banks.answer: truet f 47. the credit derivatives market has grown nine-fold during the recent years.answer: truet f 48. banks are the principal sellers of credit derivatives.answer: falset f 49. banks are one of the principal buyers of credit derivatives.answer: truet150f 50. insurance companies are one of the principal sellers of credit derivatives. test bank, chapter 9。