商业银行管理彼得S.罗斯英文原书第8版-英语试题库Chap011.doc

商业银行管理彼得S.罗斯英文原书第8版-英语试题库Chap011.doc

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TestBank,Chapter11178Chapter11LiquidityandReservesManagement:

StrategiesandPoliciesFillintheBlankQuestions1.A（n）_isanassetwhichcanbeconvertedintocasheasily,whichhasarelativelystablepriceandisreversiblesothatthesellercanrecovertheiroriginalinvestmentwithlittleriskofloss.Answer:

liquidasset2.Whenafinancialinstitutionsellsassetstomanageliquidityitfaces_.Theylosethefutureearningsonthoseassets,theyfacetransactioncostsonthosesalesandtheassetsmosteasilysoldoftenhavethelowestreturn.Answer:

opportunitycosts3._iswhenthefinancialinstitutionborrowsmoneyinthemoneymarkettomeettheirliquidityneeds.Answer:

Purchased（borrowed）liquidity4.The_isthetotaldifferencebetweenitssourcesandusesoffunds.Answer:

liquiditygap5._arethedepositsandotherborrowingsofthebankwhichareveryinterestsensitiveorwherethebankissuretheywillbewithdrawnduringthecurrentperiod.Answer:

Hotmoneyliabilities6.The_istheideathatmanagementshouldmakeallgoodloansandcountonitsabilitytoborrowfundsifitdoesnothavetheliquiditytomeetitscashneeds.Answer:

customerrelationshipdoctrine7._aretheassetsthebankmustbylawholdbehinditsdeposits.IntheU.S.onlyvaultcashanddepositsheldwiththeFederalReservescanbeusedtomeettheserequirements.Answer:

Legalreserves8.A（n）_istheaccountthebankmusthaveattheFederalReservetocoveranychecksdrawnagainstthebank.Answer:

clearingbalanceRose/Hudgins,BankManagementandFinancialServices,8/e1799.A（n）_isaservicedevelopedbybankswherethebankshiftsmoneyoutofaccountswithreserverequirementsandintosavingsaccountsovernight.Answer:

sweepsaccount10.The_isa14dayperiodstretchingfromaThursdaytoaWednesday.Thisistheperiodinwhichthebankhastokeeptheiraveragedailylevelofrequiredreservesforaparticularcomputationperiod.Answer:

reservemaintenanceperiod11._istheavailabilityofcashintheamountneededatareasonablecost.Answer:

Liquidity12.Theoldestapproachtomeetingliquidityneedswhichreliesonthesaleofliquidassetstomeetliquiditydemandsiscalled_.Answer:

assetliquiditymanagement13.Undera_strategysomeoftheexpecteddemandsforliquidityarestoredinassets,whileothersarebackstoppedbyarrangementsforlinesofcreditfrombanksorothersuppliersoffunds.Answer:

balancedliquiditymanagement14.A（n）_isthepersoninthebankresponsibleforthebankscashpositionandmeetinglegalreserverequirements.Answer:

moneypositionmanager15.ThemethodusedintheU.S.todetermineabankslegalreserverequirementinwhichtheperiodforholdinglegalreservesfollowstheperiodusedtocalculatetherequiredamountoflegalreservesiscalled_.Answer:

laggedreserveaccounting16.Thefedfundsrateisgenerallymostvolatileonbank_day.Answer:

settlement17.Manydepositoryinstitutionshold_balances（extrareserves）tohelppreventoverdraftpenalties.Answer:

precautionary18.Notall_banksaroundtheworldhavereserverequirements.Answer:

centralTestBank,Chapter1118019.Forseveraldecades,thelargestbanksaroundtheworldhavechosenwhichcallsforborrowingimmediatelyspendablefundstocoverallanticipateddemandsforliquidity.Answer:

liabilitymanagement20.Theapproachtomanagingliquiditystartswithtwosimplefacts,liquidityrisesasdepositsincreaseandloansdecreaseandliquidityfallswhendepositsfallandloansincrease.Answer:

sourcesandusesoffunds21.Intheapproachtomanagingliquiditydepositsandothersourcesoffundsaredividedintocategoriesandthenliquiditymanagersmustsetasideliquidfundsaccordingtosomedesiredoperatingrule.Answer:

structureoffunds22.Manyfinancialserviceinstitutionsestimatetheirliquidityneedsbaseduponexperienceandindustryaverages.Thisapproachtomanagingliquidityiscalledtheapproach.Answer:

liquidityindicator23.Manyanalystsbelievethereisonlyonesoundmethodforassessingafinancialinstitutionsliquidityneeds.Thismethodcenterson.Answer:

disciplineofthefinancialmarketplace（signalsfromthemarketplace）24.ThefordepositsandotherreservableliabilitiesandforvaultcashholdingsisatwoweekperiodextendingfromTuesdaytoaMondaytwoweekslater.Answer:

reservecomputationperiod25.Iftotallegalreservesheldaregreaterthanrequiredreservesthebankhas.Answer:

excessreserves26.Iftotallegalreservesheldarelessthanrequiredreservesthebankhas.Answer:

areservedeficit27.Theiswhereamoneypositionmanagercancoveralargereservedeficitquickly.Itisusuallyoneofthecheapestplacestoborrowbutisalsofrequentlyvolatile.Answer:

federalfundsmarket28.Oneoftheratiosusedintheliquidityindicatorapproachtomanagingafinancialinstitutionsliquidityneedsis.Thisratioiscashandduefromdepositoryinstitutionsdividedb