商业银行管理彼得S罗斯英文原书第8版 英语试题库Chap001.docx

商业银行管理彼得S罗斯英文原书第8版 英语试题库Chap001.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Chap001

Chapter1

AnOverviewoftheChangingFinancial-ServicesSector

FillintheBlankQuestions

1._______________________isatraditionalserviceprovidedbybanksinwhichthebanksstorethevaluablesoftheircustomersandcertifytheirtruevalue.

Answer:

Safekeepingofvaluables

2.Thefactthatfinancialinstitutionsmakeloansbasedonconfidentialinformationisthe_______________________theoryofbanking.

Answer:

delegatedmonitoring

3._______________________referstowhenafinancialinstitutiontradesoneformofcurrencyforanother.Anexampleofthiswouldbewhenthebanktradesdollarsforyenforafee.

Answer:

currencyexchange

4.A（n）_______________________isatraditionalservicewhichpermitsadepositortowriteadraft（汇票）inpaymentforgoodsandservices.

Answer:

demanddeposit（checkingaccount）

5._______________________isaserviceprovidedbybankswherethebanklendsmoneytoindividualsforthepurchaseofdurableandothergoods.

Answer:

Consumerlending

6.The_______________________ofabankisatraditionalservicewherethebankmanagesthefinancialaffairsandpropertyofindividuals（andinsomecasesbusinesses）.

Answer:

trustservices

7.CompaniessuchasMerrillLynchandSearswhichofferedsomebutnotallbankingservicesinthe1980swerecalled_______________________.

Answer:

nonbankbanks

8.Thelooseningofgovernmentregulationandcontroloffinancialinstitutionsiscalled_______________________.

Answer:

deregulation

9.___________________________isanalternativetolendinginwhichthefinancialinstitutionpurchasestheequipmentandrentsittoitscustomers.

Answer:

Equipmentleasingservices

10.The___________________________isalandmarkactwhichallowsfinancialserviceproviderstoofferanexpandedmenuoffinancialservicesforthecustomer.Thislawallowsbankstotrulybecomeconglomeratefinancialserviceproviders.

Answer:

FinancialServicesModernizationAct（Gramm-Leach-BlileyAct）

11.Thecountrywiththemostbanksis_______________________.

Answer:

UnitedStates

12.AccordingtoCongressa____________isdefinedasanyinstitutionthatcanqualifyfordepositinsuranceadministeredbytheFDIC.

Answer:

Bank

13.Abankwhichspansregions,nations,andcontinents,offeringthewidestmenuoffinancialservicesisknownasa__________bank.

Answer:

money-centerbank

14._____________referstothemovementofbusinessesacrossindustrylinesinordertobroadenitsbase.

Answer:

Convergence

15.Bankswhichserveprimarilyhouseholdsandsmallfirmsareknownas____________banks.

Answer:

retail

16.Banksthatselldepositsandmakeloanstobusinessesandindividualsareknownas______banks.

Answer:

commercial

17.Bankswhichunderwriteissuesofnewsecuritiesfortheircorporatecustomersareknownas________banks.

Answer:

investment

18.BankswhichfunctionunderafederalcharterthroughtheComptroller（审计署）oftheCurrencyintheUnitedStatesareknownas____________banks.

Answer:

National

19.Bankswhichsupplybothdebtandequitycapitaltobusinessesareknownas_________banks.

Answer:

merchant（商人）

20.Abankthatoffersitsservicesonlyovertheinternetisknownasa（n）.

Answer:

virtualbank（虚拟银行）

21.Whenalocalmerchantsellstheaccountsreceivablestheyholdagainsttheircustomertoabankthisgenerallyknownas.

Answer:

discountingcommercialnotes

22.A（n）offersloanstocommercialenterprises（suchasappliancedealers）ortoindividualsusingfundsborrowedintheopenmarketorfromotherfinancialinstitutions.ExamplesofthistypeoffinancialserviceproviderincludeGMACFinancialServicesandHouseholdFinance.

Answer:

financecompany

23.A（n）buysandsellssecuritiesonbehalfoftheircustomersandfortheirownaccounts.ExamplesofthistypeoffinancialserviceproviderincludeMerrillLynchandCharlesSchwab.

Answer:

securitybroker（ordealer）

24.A（n）sellssharesmainlytoupscaleinvestorsinabroadgroupofdifferentkindsofassetsincludingnontraditionalinvestmentsincommodities,realestate,loanstoailingcompaniesandotherriskyassets.

Answer:

hedgefund

25.Whenabankagreestohandlethecashcollectionsanddisbursementsforacompanyandinvestanytemporarycashsurplusesininterestbearingassets,theyareprovidingservicestotheircustomers.

Answer:

cashmanagement

True/FalseQuestions

TF26.UnderU.S.federallaw,aninstitutionmakingonlyloanstohouseholdsandofferinguninsuredcheckabledepositsandsavingsdepositsqualifiesasacommercialbank.

Answer:

False

TF27.Nonbankbankscanofferdepositstothepublic,butthesedepositsarenoteligible（合适的）forinsurancecoveragebytheFDIC.

Answer:

False

TF28.Theetymologicalrootsoftheword"bank"tracethiswordbacktoanItaliantermreferringtoa"money-changer'stable".

Answer:

True

TF29.Accordingtothetextbook,banksarethosefinancialinstitutionsthattodayofferthewidestrangeoffinancialservicesofanybusinessfirmintheeconomy.

Answer:

True

TF30.Accordingtothedelegatedmonitoringtheorybanksareabletoattractborrowingcustomersbecausetheypledgeconfidentiality.

Answer:

True

TF31.Managingthefinancialaffairsandpropertyofindividualsandbusinessfirmsfallsunderthetypeofbankingservicelineknownascashmanagementservices.

Answer:

False

TF32.Theroleperformedbybanksintheeconomyinwhichtheytransformsavingsintocreditisknownastheintermediationrole.

Answer:

True

TF33.Theroleperformedbybanksinwhichtheystandbehindtheircustomerswhenthosecustomersareunabletopayadebtobligationisknownastheguarantorrole.

Answer:

True

TF34.Whenbanksserveasconduits（中转机构）forgovernmentpolicythisisreferredtoastheiragencyrole.

Answer:

False

TF35.Accordingtothetextbook,high-volumebankingisrequiredtomakeefficientuseofautomationandothertechnologicalinnovations.

Answer:

True

TF36.ThenumberofindependentlyownedbankshasrisenintheUnitedStatesoverthelastdecade.

Answer:

False

TF37.Money-centerbanksusuallyservicelocalcommunities,towns,andcities,offeringanarrowmenuofservicestothepublic.

Answer:

False

TF38.Agreaterproportionofmajorcorporationshavedesertedthebankingsysteminrecentyearstoraiseborrowedfundsdirectlyfromtheopenmarket.

Answer:

True

TF39.Therecenterosionofthebankingmarketsharerelativetootherfinancialinstitutionsmeansthatbankingisadyingindustry.

Answer:

False

TF40.Lendinginstitutionsactasdelegatedmonitorsandcandiversifyandreducetheirriskexposure,resultinginincreasedsafetyforsavers’funds.

Answer:

True

TF41.Currenttheorysuggeststhatbanksexistbecauseofimperfectionsinourfinancialsystem.

Answer:

True

TF42.TodayU.S.banksaccountforapproximatelyfiftypercentofthelargestbanksintheworld.

Answer:

False

TF43.Accordingtothetextbook,traditionalbankingmaybeonthedecline.

Answer:

True

TF44.Convergencereferstothefactthatthenumberofbankmergershasincreasedinrecentyears.

Answer:

False

TF45.Bankswhichoffervirtuallyallfinancialservicesareknownasuniversalbanks（综合银行）.

Answer:

True

TF46.Lifeinsurancecompanies,securitiesfirms,andmortgage（抵押）companiesallcompetewiththetraditionalbank.

Answer:

True

MultipleChoiceQuestions

47.IntheUnitedStatesacommercialbankqualifiesasa"bank"underfederallawifitoffers:

A）Consumerinstallmentloans,CDs

B）Savingsdeposits,commercialloans

C）Checkingaccounts,commercialloans

D）Securityinvestments,inventoryloanstobusinesscustomers

E）Commercialdepositaccounts,consumersavingsplans

Answer:

C

48.E.F.Hutton,J.C.Penney,andSearsRoebuckareamongleadingfirmsthatinthe1980’sorganizedcompetitorswithbanksthatareknownas:

A）NonbankBanks

B）DiscountSecurityBrokerageCompanies

C）MoneyMarketFunds

D）FinanceCompanies

E）InvestmentBankingUnits

Answer:

A

49.Astudyofhistoryshowsthatoneofthefirstservicesofferedbybankswas:

A）EquipmentLeasing

B）CurrencyExchange

C）SecurityBrokerageandUnderwriting

D）SaleofRealEstate

E）Noneoftheabove

Answer:

B

50.Banksperformtheindispensabletaskof:

A）Creatingmoneywithoutmakingloan.

B）Absorbingtheexcessliquiditycreatedbyotherfinancialinstitutions

C）Intermediatingbetweensurplus-spendingindividualsorinstitutionsanddeficit-spendingindividualsorinstitutions

D）Issuingriskydeposits

E）Noneoftheabove

Answer:

C

51.Theviewthatdepositorshirebankstoanalyzethefinancialconditionofprospectiveborrowersandcontinuallyevaluatetheconditionofoutstandingloansisreferredtoas:

A）Delegatedmonitoring

B）Theconceptoffinancialintermediation

C）Theliquidityfunctioninbanking

D）Marketimperfectiontheory

E）Theefficiencycontributionofbanking

Answer:

A

52.Whichofthefollowinghasbeenanimportanttrendregardingconsolidationandgeographicexpansioninbanks?

A）Increasedbankbranchingactivity

B）Theformationofmoreholdingcompaniestopurchasesmallerbanks

C）Mergersamongsomeofthelargestbanksintheindustry

D）AandCabove

E）Alloftheabove.

Answer:

E

53.IncludedamongleadingstructuraltrendsintheU.S.bankingindustryinrecentyearsare:

A）Thenumberofindependentlyownedbankshasde