《商业银行经营学》复习提纲习题.docx
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《商业银行经营学》复习提纲习题
1、FillintheBlankQuestions(1pointforeach)
(1)_______________________isanewerserviceprovidedbybankswherethebanklendsmoneytoindividualsforthepurchaseofdurableandothergoods.
(2)Thelooseningofgovernmentregulationandcontroloffinancialinstitutionsiscalled______.
(3)Abankwhichnowoffersalloftheavailablefinancialservicesisknownasa__________bank.
(4)A(n)buysandsellssecuritiesonbehalfoftheircustomersandfortheirownaccounts.ExamplesofthistypeoffinancialserviceproviderincludeMerrillLynchandCharlesSchwab.
(5)OnetoolthattheFederalReserveusestocontrolthemoneysupplyis___________.TheFederalReservewillbuyandsellT-billswhentheyareusingthistoolofmonetarypolicy.Thefederalbankregulatoryagencywhichexaminesthemostbanksisthe______________.
(6)Theshorttermsecuritiesofthebank,includingT-Billsandcommercialpaper,areoftencalled__________________________becausetheyarethesecondlineofdefensetomeetdemandsforcash.Answer:
(7)A(n)__________________________isadepositaccountwhichpaysaninterestratecompetitivewithmoneymarketmutualfundsandwhichgenerallyhaslimitedcheckwritingability.__________________________canbeheldbyindividualsandnonprofitinstitutions,bearinterestandpermitdraftsfrombeingwrittenagainsttheaccounttopaythirdparties.
(8)Theequitymultiplierforabankmeasurestheamountof_____________________ofthebankandisonepartoftheevaluationofthebank'sROE.
(9)__________________________istheriskthatthefinancialinstitutionmaynotbeabletomeettheneedsofdepositorsforcash.
(10)Atraditionalmeasureofearningsefficiencyisthe__________________ortotalinterestincomeovertotalearningsassetslesstotalinterestexpensesovertotalinterestbearingbankliabilities.Itmeasurestheeffectivenessofafirm’sintermediationfunctionintheborrowingandlendingofmoney.
(11)The__________________istheinterestratethatequalizesthecurrentmarketpriceofabondwiththepresentvalueofthefuturecashflows.
(12)_________________________isthedifferencebetweeninterest-sensitiveassetsandinterest-sensitiveliabilities.
(13)A(n)_________________________allowstheholdertherighttoeithersellsecuritiestoanotherinvestor(put)orbuysecuritiesfromanotherinvestor(call)forasetpricebeforetheexpirationdate.A(n)_________________________isacontractwheretwopartiesexchangeinterestpaymentsinordertosavemoneyandhedgeagainstinterestraterisk.
(14)A(n)_________________________iswherethereisbothaminimumandamaximuminterestratesetonaloan.
(15)A(n)_________________________isacontingentclaimofthebankthatissuesit.Theissuingbank,inreturnforafee,guaranteestherepaymentofaloanreceivedbyitscustomerorthefulfillmentofacontractmadebyitscustomertoathirdparty.
(16)ArelativelynewtypeofcreditderivativeisaCDOwhichstandsfor__________________.Answer:
collateralizeddebtobligation
(17)24.Lenderscansetasideagroupofloansontheirbalancesheet,issuebondsandpledgetheloansascollateralagainstthebondsin____________.Theseusuallystayonthebank’sbalancesheetasliabilities.
(18)Debtinstrumentsissuedbycities,statesandotherpoliticalentitiesandwhichareexemptfromfederaltaxesarecollectivelyknownas_____________________.
(19)__________________istheriskthatthecompanywhosebondsthefinancialinstitutionownsmayretiretheentireissueofcorporatebondsinadvanceoftheirmaturityleavingthebankwiththeriskofearningslossesresultingfromreinvestingthecashatlowerinterestrates.
(20)The_________________________isthetotaldifferencebetweenitssourcesandusesoffunds.
(21)Theoldestapproachtomeetingliquidityneedswhichreliesonthesaleofliquidassetstomeetliquiditydemandsiscalled_________________________.
(22)_________________________arethestablebaseofdepositedfundsthatarenothighlysensitivetomovementsinmarketinterestratesandtendtoremainwithadepositoryinstitution.
(23)Whenfinancialinstitutionstemptcustomersbypayingpostagebothwaysinbank-by-mailservicesorbyofferingfreegiftssuchasteddybears,theyarepracticing___________.
(24)Whenacustomerischargedbasedonthenumberandkindsofservicesused,withthecustomersthatuseanumberofservicesbeingchargedlessorhavingsomefeeswaived,thisiscalled__________________pricing.
(25)__________________istheamountinexcessofparvaluepaidbythebank'sshareholders.
(26)Corecapitalsuchascommonstock,surplus,undividedprofits,qualifyingnoncumulativepreferredstock,etc.isreferredtoas__________________capitalasdefinedbytheBaselagreement.
(27)Thelargestcomponentofcapitalamongbanksis____________.
2、True/FalseQuestions(1pointforeach)
(1)Accordingtothetextbook,banksarethosefinancialinstitutionsthattodayofferthewidestrangeoffinancialservicesofanybusinessfirmintheeconomy.
(2)Theroleperformedbybanksintheeconomyinwhichtheytransformsavingsintocreditisknownastheintermediationrole.
(3)Theagingofthepopulationmeanslesssavingsintheeconomyforbankstoworkwith,accordingtothetextbook.
(4)Bankswhichoffervirtuallyallfinancialservicesareknownasuniversalbanks.
(5)IntheUnitedStates,fixedfeeschargedfordepositinsurance,regardlessofhowriskyabankis,ledtoaproblemknownasmoralhazard.
(6)WhentheFederalReservebuysT-billsthroughitsopenmarketoperations,itcausesthegrowthofbankdepositsandloanstodecrease.
(7)Loansandleasesarefinancialoutputsonafinancialinstitution'sbalancesheetorReportofCondition.
(8)Offbalancesheetitemsforabankarefeegeneratingtransactionswhicharenotrecordedontheirbalancesheet.
(9)Abank'sROAequalsitsROEtimestheratiooftotalassetsdividedbytotalequitycapital.
(10)Inthetextbooktheratioofpretaxnetoperatingincometototaloperatingrevenuesisdescribedasameasureoftheeffectivenessofafinancialinsitution'sexpense-controlefficiency.
(11)Charge-offsrepresentsecuritiesabankdecidestosellbecausetheyhavedeclinedinvalue.
(12)Usuallytheprincipalgoalofasset-liabilitymanagementistomaximizeoratleaststabilizeabank'smarginorspread.Answer:
True
(13)Aliability-sensitivebankwillexperienceanincreaseinitsnetinterestmarginifinterestratesrise.
(14)Afutureshedgeagainstinterest-ratechangesgenerallyrequiresabanktotakeanoppositepositioninthefuturesmarketfromitscurrentpositioninthecashmarket.
(15)Thelonghedgeinfinancialfuturescontractsismostlikelytobeusedinsituationswhereabankwouldsufferlossesduetorisinginterestrates.
(16)Thebuyerofaloanparticipationmustwatchboththeborrowerandthesellerbankclosely.
(17)InaCMO,thedifferenttiers(ortranches)ofsecuritypurchasersfacethesameprepaymentrisk.
(18)Mostloansthatbankssellofftheirbalancesheetscarryinterestratesthatusuallyareconnectedtolong-terminterestrates(suchasthe30-yearTreasurybondrate).
(19)Prepaymentriskonsecuritizedassetsgenerallyincreaseswheninterestratesrise.
(20)Whenabankirrevocablyguaranteesacommercialpaperissue,thebank'screditratingsubstitutesfortheborrower'screditrating.
(21)Borrowedliquidity(liability)managementislessriskyforafinancialinstitutionthanisassetconversion.
(22)Mostliquidityproblemsinbankingarisefrominsideabank,notfromitscustomers.
(23)Depositsownedbycommercialbanksandheldwithotherbanksarecalledcorrespondentdeposits.
(24)Thenumberonefactorhouseholdsconsiderinselectingabanktoholdtheircheckingaccountis,accordingtorecentstudiescitedinthischapter,lowfeesandlowminimumbalance.
(25)Whenabanktemporarilyoffershigherthanaverageinterestratesorlowerthanaveragecustomerfeesinordertoattractnewbusinesstheyarepracticingconditionalpricing.
(26)Onefundamentalpurposeforregulatingcapitalistolimitlossestothefederalgovernmentarisingfromdepositinsuranceclaims.
(27)Undertheinternationalcapital(Basel)agreementTier2capitalmustberaisedtoaminimumof4percentofrisk-weightedassets.
(28)Recentresearchsuggeststhatinterest-ratecontractsdisplayconsiderablylessriskexposurethandoforeign-currencycontracts.
3、MultipleChoiceQuestions(1pointforeach)
(1)DrewDavisgoestohislocalbanktogethelpdevelopingafinancialplanandmakinginvestmentdecisions.WhichofthemorerecentservicesbanksofferisDrewtakingadvantageof?
A)Gettingaconsumerloan
B)Gettingfinancialadvice
C)Managingcash
D)Gettingventurecapitalservices
E)Buyingaretirementplan
Answer:
(2)JonathanRobbinshasabankaccountinabankthatdoesnothaveaphysicalbranch.Jonathandoesallofhisbankingbusinessovertheinternet.WhattypeofbankdoesJonathanhavehisaccountat?
A)VirtualBank
B)MortgageBank
C)CommunityBank
D)AffiliatedBank
E)Noneoftheabove
Answer:
(3)Banksareregulatedforwhichofthereasonslistedbelow?
A)Banksareleadingrepositoriesofthepublic'ssavings.
B)Bankshavethepowertocreatemoney.
C)Banksprovidebusinessesandindividualswithloansthatsupportconsumptionandinvestmentspending.
D)Banksassistgovernmentsinconductingeconomicpolicy,collectingtaxesanddispensinggovernmentpayments.
E)Alloftheabove.
Answer:
(4)Theequivalent