商业银行管理彼得S罗斯英文原书第8版英语试题库Chap007Word格式文档下载.docx

商业银行管理彼得S罗斯英文原书第8版英语试题库Chap007Word格式文档下载.docx

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liabilitymanagement

3.The__________________________istheinterestratethatequalizesthecurrentmarketpriceofabondwiththepresentvalueofthefuturecashflows.

yieldtomaturity（YTM）

4.The__________________riskpremiumonabondallowstheinvestortobecompensatedfortheirprojectedlossinpurchasingpowerfromtheincreaseinthepricesofgoodsandservicesinthefuture.

inflation

5.The__________________showstherelationshipbetweenthetimetomaturityandtheyieldtomaturityofabond.Itisusuallyconstructedusingtreasurysecuritiessincetheyareassumedtohavenodefaultrisk.

yieldcurve

6.The__________________riskpremiumonabondreflectsthedifferencesintheeaseandabilitytosellthebondinthesecondarymarketatafavorableprice.

liquidity

7.__________________________arethoseassetswhichmatureormustberepricedwithintheplanningperiod.

Interest-sensitiveassets

8.__________________________isthedifferencebetweeninterest-sensitiveassetsandinterest-sensitiveliabilities.

Dollarinterest-sensitivegap

9.A（n）__________________________meansthatthebankhasmoreinterest-sensitiveliabilitiesthaninterest-sensitiveassets.

negativeinterest-sensitivegap（liabilitysensitive）

10.Thebank'

s__________________________takesintoaccounttheideathatthespeed（sensitivity）ofinterestratechangeswilldifferfordifferenttypesofassetsandliabilities.

weightedinterest-sensitivegap

11.__________________________isthecoordinatedmanagementofboththebank'

sassetsanditsliabilities.

Fundsmanagement

12.__________________________istheriskduetochangesinmarketinterestrateswhichcanadverselyaffectthebank'

snetinterestmargin,assetsandequity.

Interestraterisk

13.The__________________________istherateofreturnonafinancialinstrumentusinga360dayyearrelativetotheinstrument'

sfacevalue.

bankdiscountrate

14.The__________________________componentofinterestratesistheriskpremiumduetotheprobabilitythattheborrowerwillmisssomepaymentsorwillnotrepaytheloan.

defaultriskpremium

15.__________________istheweightedaveragematurityforastreamoffuturecashflows.Itisadirectmeasureofpricerisk.

Duration

16.__________________________isthedifferencebetweenthedollar-weighteddurationoftheassetportfolioandthedollar-weighteddurationoftheliabilityportfolio.

Durationgap

17.A（n）__________________________durationgapmeansthatforaparallelincreaseinallinterestratesthemarketvalueofnetworthwilltendtodecline.

positive

18.A（n）__________________________durationgapmeansthatforaparallelincreaseinallinterestratesthemarketvalueofnetworthwilltendtoincrease.

negative

19.The__________________referstotheperiodicfluctuationsinthescaleofeconomicactivity.

businesscycle

20.The__________________________isequaltothedurationofeachindividualtypeofassetweightedbythedollaramountofeachtypeofassetoutofthetotaldollaramountofassets.

durationoftheassetportfolio

21.The__________________________isequaltothedurationofeachindividualtypeofliabilityweightedbythedollaramountofeachtypeofassetoutofthetotaldollaramountofassets.

durationoftheliabilityportfolio

22.Abankis__________________againstchangesinitsnetworthifitsdurationgapisequaltozero.

immunized（insulatedorprotected）

23.Therelationshipbetweenachangeinanasset'

spriceandanasset’schangeintheyieldorinterestrateiscapturedby__________________________.

convexity

24.Thechangeinafinancialinstitution'

s__________________isequaltodifferenceinthedurationoftheassetsandliabilitiestimesthechangeintheinterestratedividedbythestartinginterestratetimesthedollaramountoftheassetsandliabilities.

networth

25.Whenabankhasapositivedurationgapaparallelincreaseintheinterestratesontheassetsandliabilitiesofthebankwillleadtoa（n）__________________inthebank'

snetworth.

decrease

26.Whenabankhasanegativedurationgapaparalleldecreaseintheinterestratesontheassetsandliabilitiesofthebankwillleadtoa（n）_________________________inthebank'

27.U.S.bankstendtodobetterwhentheyieldcurveisupward-slopingbecausetheytendtohave____________maturitygappositions.

28.Onegovernment-createdgiantmortgagebankingfirmswhichhavesubsequentlybeenprivatizedisthe.

FNMAorFannieMae（orFHLMCorFreddieMac）

29.Onepartofinterestrateriskis.Thispartofinterestrateriskreflectsthatasinterestratesrise,pricesofsecuritiestendtofall.

pricerisk

30.Onepartofinterestrateriskis.Thispartofinterestrateriskreflectsthatasinterestratesfall,anycashflowsthatarereceivedbeforematurityareinvestedatalowerinterestrate.

reinvestmentrisk

31.Whenaborrowerhastherighttopayoffaloanearlywhichreducedthelender’sexpectedrateofreturnitiscalled.

callrisk

32.Inrecentdecades,bankshaveaggressivelysoughttoinsulatetheirassetsandliabilityportfoliosandprofitsfromtheravagesifinterestratechanges.Manybanksnowconducttheirasset-liabilitymanagementstrategywiththehelpofanwhichoftenmeetsdaily.

asset-liabilitycommittee

33.isinterestincomefromloansandinvestmentslessinterestexpensesondepositsandborrowedfundsdividedbytotalearningassets.

Netinterestmargin（NIM）

34.arethoseliabilitiesthatwhichmatureormustberepricedwithintheplanningperiod.

Interest-sensitiveliabilities

35.Variablerateloansandsecuritiesareincludedaspartofforbanks.

repriceableassets

36.Moneymarketdepositsareincludedaspartofforbanks.

repriceableliabilities

37.Interestsensitiveassetslessinterestsensitiveliabilitiesdividedbytotalassetsofthebankisknownas.

relativeinterestsensitivegap

38.Interestsensitiveassetsdividedbyinterestsensitiveliabilitiesisknownas.

Interestsensitivityratio

39.isameasureofinterestrateexposurewhichisthetotaldifferenceindollarsbetweenthoseassetsandliabilitiesthatcanberepricedoveradesignatedtimeperiod.

Cumulativegap

40.isthephenomenonthatinterestratesattachedtovariousassetsoftenchangebydifferentamountsandatdifferentspeedsthaninterestratesattachedtovariousliabilities,

basisrisk

True/FalseQuestions

TF41.Usuallytheprincipalgoalofasset-liabilitymanagementistomaximizeoratleaststabilizeabank'

smarginorspread.

True

TF42.Assetmanagementstrategyinbankingassumesthattheamountandkindsofdepositsandotherborrowedfundsabankattractsaredeterminedlargelybyitsmanagement.

False

TF43.Theultimategoalofliabilitymanagementistogaincontroloverafinancialinstitution'

TF44.Ifinterestratesfallwhenabankisinanasset-sensitivepositionitsnetinterestmarginwillrise.

TF45.Aliability-sensitivebankwillexperienceanincreaseinitsnetinterestmarginifinterestratesrise.

TF46.Undertheso-calledliabilitymanagementviewinbankingthekeycontrolleverbankspossessoverthevolumeandmixoftheirliabilitiesisprice.

TF47.Undertheso-calledfundsmanagementviewbankmanagement'

scontroloverassetsmustbecoordinatedwithitscontroloverliabilitiessothatassetandliabilitymanagementareinternallyconsistent.

TF48.Bankerscannotdeterminethelevelortrendofmarketinterestrates;

instead,theycanonlyreacttothelevelandtrendofrates.

TF49.Short-terminterestratestendtorisemoreslowlythanlong-terminterestratesandtofallmoreslowlywhenallinterestratesinthemarketareheadeddown.

TF50.Afinancialinstitutionisliabilitysensitiveifitsinterest-sensitiveliabilitiesarelessthanitsinterest-sensitiveassets.

TF51.Ifabank'

sinterest-sensitiveassetsandliabilitiesareequalthanitsinterestrevenuesfromassetsandfundingcostsfromliabilitieswillchangeatthesamerate.

TF52.Bankswithapositivecumulativeinterest-sensitivegapwillbenefitifinterestratesrise,butloseincomeifinterestratesdecline.

TF53.Bankswithanegativecumulativeinterest-sensitivegapwillbenefitifinterestratesrise,butloseincomeifinterestratesdecline.

TF54.Formostbanksinterestratespaidonliabilitiest