商业银行管理彼得S罗斯英文原书第8版 英语试题库Chap012.docx

商业银行管理彼得S罗斯英文原书第8版 英语试题库Chap012.docx

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商业银行管理彼得S罗斯英文原书第8版英语试题库Chap012

Chapter12

ManagingandPricingDepositServices

FillintheBlankQuestions

1.A（n）_________________________requiresthebanktohonorwithdrawalsimmediatelyuponrequest.

Answer:

demanddeposit

2.A（n）_________________________isaninterestbearingcheckingaccountandgivesthebanktherighttoinsistonpriornoticebeforecustomerwithdrawalscanbehonored.

Answer:

Negotiableorderofwithdrawal（NOW）

3.A（n）_________________________isashort-maturitydepositwhichpaysacompetitiveinterestrate.Only6preauthorizeddraftspermonthareallowedandonly3ofthesecanbebycheck.

Answer:

moneymarketdepositaccount

4._________________________aredesignedtoattractfundsfromcustomerswhowishtosetasidemoneyinanticipationoffutureexpendituresorfinancialemergencies.

Answer:

Thriftdeposits

5._________________________arethestablebaseofdepositedfundsthatarenothighlysensitivetomovementsinmarketinterestratesandtendtoremainwithadepositoryinstitution.

Answer:

Coredeposits

6.Somepeoplefeelthateveryoneisentitledaccesstoaminimumleveloffinancialservicenomattertheirincomelevel.Thisissueiscalledtheissueof_________________________.

Answer:

basic（lifeline）banking

7._________________________isawayofpricingdepositservicesinwhichtherateorreturnorfeeschargedonthedepositaccountarebasedonthecostofofferingtheserviceplusaprofitmargin.

Answer:

Costpluspricing

8.Whenfinancialinstitutionstemptcustomersbypayingpostagebothwaysinbank-by-mailservicesorbyofferingfreegiftssuchasteddybears,theyarepracticing___________.

Answer:

nonpricecompetition

9.The_________________________istheaddedcostofbringinginnewfunds.

Answer:

marginalcost

10._________________________pricingiswherethefinancialinstitutionsetsupascheduleoffeesinwhichthecustomerpaysalowornofeeifthedepositbalancestaysabovesomeminimumlevelandpaysahigherfeeifthebalancedeclinesbelowthatminimumlevel.

Answer:

Conditional

11.Whenacustomerischargedafixedchargepercheckthisiscalled__________________pricing.

Answer:

flatrate

12.Whenacustomerischargedbasedonthenumberandkindsofservicesused,withthecustomersthatuseanumberofservicesbeingchargedlessorhavingsomefeeswaived,thisiscalled__________________pricing.

Answer:

relationship

13._________________________ispartofthenewtechnologyforprocessingcheckswherethebanktakesapictureofthebackandthefrontoftheoriginalcheckandwhichcannowbeprocessedasiftheyweretheoriginal.

Answer:

Checkimaging

14.A（n）_________________________isathriftaccountwhichcarriesafixedmaturitydateandgenerallycarriesafixedinterestrateforthattimeperiod.

Answer:

timedeposit

15.A（n）_________________________isaconditionalmethodofpricingdepositservicesinwhichthefeespaidbythecustomerdependmainlyontheaccountbalanceandvolumeofactivity.

Answer:

depositfeeschedule

16.The_________________________waspassedin1991andspecifiestheinformationthatinstitutionsmustdisclosetotheircustomersaboutdepositaccounts.

Answer:

TruthinSavingsAct

17.The_________________________mustbedisclosedtocustomersbasedontheformulaofoneplustheinterestearneddividedbytheaverageaccountbalanceadjustedforanannual365dayyear.Itistheinterestratethecustomerhasactuallyearnedontheaccount.

Answer:

annualpercentageyield（APY）

18.A（n）_________________________isaretirementplanthatinstitutionscansellwhichisdesignedforself-employedindividuals.

Answer:

Keoghplan

19.Depositinstitutionlocationismostimportantto______-incomeconsumers.

Answer:

low

20._____-incomeconsumersappeartobemoreinfluencedbythesizeofthefinancialinstitution.

Answer:

high

21.Fordecadesdepositoryinstitutionsofferedonetypeofsavingsplan.couldbeopenedwithaslittleas$5andwithdrawalprivilegeswereunlimited.

Answer:

Passbooksavingsdeposits

22.CD’sallowdepositorstoswitchtoahigherinterestrateifmarketratesrise.

Answer:

Bump-up

23.CD’spermitperiodicadjustmentsinpromisedinterestrates.

Answer:

Step-up

24.CD’sallowthedepositortowithdrawsomeofhisorherfundswithoutawithdrawalpenalty.

Answer:

Liquid

25.A（n）,whichwasauthorizedbyCongressin1997,allowsindividualstomakenon-tax-deductiblecontributionstoaretirementfundthatcangrowtaxfreeandalsopaynotaxesontheirinvestmentearningswhenwithdrawn.

Answer:

RothIRA

26.Duetothefactthattheymaybeperceivedasmorerisky,banksgenerallyofferhigherdepositratesthantraditionalbanks.

Answer:

virtual

27.areaccountsindomesticbankinginstitutionswheretheU.S.Treasurykeepsmostoftheiroperatingfunds.

Answer:

TreasuryTaxandLoanAccounts（TT&Laccounts）

28.isaprocesswheremerchantsandutilitycompaniestaketheinformationfromacheckanindividualhasjustwrittenandelectronicallydebitstheindividual’saccountinsteadofsendingthecheckthroughtheregularcheckclearingprocess.

Answer:

electroniccheckconversion

29.OnOctober28,2004,becamethelaw,permittingdepositoryinstitutionstoelectronicallytransfercheckimagesinsteadofthechecksthemselves.

Answer:

Check21

30.Thetothecostpluspricingderivestheweightedaveragecostofallfundsraisedandisbasedontheassumptionthatitisnotthecostofeachtypeofdepositthatmattersbutrathertheweightedaveragecostofallfundsthatmatters.

Answer:

pooled-fundscostapproach

True/FalseQuestions

TF31.ThevolumeofcoredepositsatU.S.bankshasbeengrowinginrecentyearsrelativetoothercategoriesofdeposits.

Answer:

False

TF32.TheU.S.TreasurykeepsmostofitsoperatingfundsinTT&Ldeposits,accordingtothetextbook.

Answer:

True

TF33.Depositsownedbycommercialbanksandheldwithotherbanksarecalledcorrespondentdeposits.

Answer:

True

TF34.Theimplicitinterestrateoncheckabledepositsequalsthedifferencebetweenthecostofsupplyingdepositservicestoacustomerandtheamountoftheservicechargeactuallyassessedthatcustomer.

Answer:

True

TF35.Legallyimposedinterest-rateceilingsondepositswerefirstsetinplaceintheUnitedStatesafterpassageoftheBankHoldingCompanyAct.

Answer:

False

TF36.Gradualphase-outoflegalinterest-rateceilingsondepositsofferedbyU.S.bankswasfirstauthorizedbytheGlass-SteagallAct.

Answer:

False

TF37.Thecontentionthattherearecertainbankingservices（suchassmallloansorsavingsandcheckingaccounts）thateverycitizenshouldhaveaccesstoisusuallycalledsocializedbanking.

Answer:

False

TF38.Domesticdepositsgeneratelegalreserves.

Answer:

True

TF39.Excesslegalreservesarethesourceoutofwhichnewbankloansarecreated.

Answer:

True

TF40.Demanddepositsareamongthemostvolatileandleastpredictableofabank'ssourcesoffundswiththeshortestpotentialmaturity.

Answer:

True

TF41.IRAandKeoghdepositshavegreatappealforbankersprincipallybecausetheycanbesoldbearingrelativelylow（oftenbelow-market）interestrates.

Answer:

False

TF42.Ingeneral,thelongerthematurityofadeposit,thelowertheyieldafinancialinstitutionmustoffertoitsdepositorsbecauseofthegreaterinterest-rateriskthebankfaceswithlonger-termdeposits.

Answer:

False

TF43.Theavailabilityofalargeblockofcoredepositsdecreasesthedurationofabank'sliabilities.

Answer:

False

TF44.Interest-bearingcheckingaccounts,onaverage,tendtogeneratelowernetreturnsthanregular（noninterest-bearing）checkingaccounts.

Answer:

False

TF45.Personalcheckingaccountstendtobemoreprofitablethancommercialcheckingaccounts.

Answer:

False

TF46.NOWaccoutscanbeheldbybusinessesandindividualsandareinterestbearingcheckingaccounts.

Answer:

False

TF47.AMMDAisashorttermdepositwherethebankcanofferacompetitiveinterestrateandwhichallowsupto6preauthorizeddraftspermonth.

Answer:

True

TF48.ARothIRAallowsanindividualtoaccumulateinvestmentearningstaxfreeandalsopaynotaxontheirinvestmentearningswhenwithdrawnprovidedthetaxpayerfollowstherulesonthisnewaccount.

Answer:

True

TF49.Competitiontendstoraisedepositinterestcosts.

Answer:

True

TF50.Competitionlowerstheexpectedreturntoabankfromputtingitsdepositstowork.

Answer:

True

TF51.Abankhasfullcontrolofitsdepositpricesinthelongrun.

Answer:

False

TF52.Nonpricecompetitionfordepositshastendedtodistorttheallocationofscarceresourcesinthebankingsector.

Answer:

True

TF53.Depositsareusuallypricedseparatelyfromloansandotherbankservices.

Answer:

True

TF54.AccordingtorecentFederalReservedatano-feesavingsaccountsareonthedecline.

Answer:

True

TF55.AccordingtorecentsurveyinformationprovidedbythestaffoftheFederalReserveBoardtheaverageleveloffeesonmosttypesofcheckingandNOWaccountsappeartohaverisen.

Answer:

True

TF56.TheTruthinSavingsActrequiresabanktodisclosetoitsdepositcustomerthefrequencywithwhichinterestiscompoundedonallinterest-bearingaccounts.

Answer:

True

TF57.UndertheTruthinSavingsActcustomersmustbeinformedoftheimpactofanyearlydepositwithdrawals