商业银行管理彼得S罗斯英文原书第8版英语试题库Chap003.docx

商业银行管理彼得S罗斯英文原书第8版英语试题库Chap003.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Chap003

Chapter3

TheOrganizationandStructureofBankingandtheFinancial-ServicesIndustry

FillintheBlankQuestions

1.A（n）___________________isamachinelocatedatthemerchant'splaceofbusinesswhichallowsdepositorstousetheirdebitcardtopayforpurchasesdirectly.

Answer:

POS

2.A（n）_____________________isabankwhichoffersitsfullrangeofservicesfromseverallocations.

Answer:

branchbank

3.A（n）_____________________isabankwhichoffersitsfullrangeofservicesfromonlyonelocation.

Answer:

unitbank

4.A（n）________________________isacorporationcharteredfortheexpresspurposeofholdingthestockofoneormorebanks.

Answer:

BankHoldingCompany

5.Managerswhovaluefringebenefits,plushofficesandampletravelbudgetsoverthepursuitofmaximumreturnsforstockholdersareexhibitingsignsof__________________________.

Answer:

ExpensePreferenceBehavior

6.A（n）__________________________caninvestincorporatestockassellasloanmoneytohelpfinancethestartofnewventuresorsupporttheexpansionofexistingbusinesses.

Answer:

Merchantbank

7.Abankwhichoperatesexclusivelyovertheinternetisknownasa___________bank.

Answer:

Virtual

8.Onenew21stcenturybankorganizationalstructuresis_____________________.Thisisaspecialtypeofholdingcompanythatmayofferthebroadestrangeoffinancialservices.

Answer:

FinancialHoldingCompany（FHC）

9.Thekeyprobleminalargemoneycenterbankis.Managersmaybeknowledgeableaboutbankingpracticesbutmaybelessinformedaboutproductsandservicesofsubsidiarycompanies.

Answer:

spanofcontrol

10.TheGramm-Leach-BlileyActmovedtheU.S.bankingindustryclosertobankinginwhichbanksmayprovidesecurities,insurance,andotherfinancialproducts.

Answer:

universal

11.Abankthatisnotassociatedwithabankholdingcompanyiscalleda（n）bank.

Answer:

independent

12.isaviewofhowmoderncorporationsoperatewhichanalyzestherelationshipbetweenafirm’sownersanditsmanagers.

Answer:

Agencytheory

13.Manyexpertsbelievethat,therelationshipsthatexistbetweenmanagers,theboardofdirectorsandstockholders,ismorecomplicatedinfinancialinstitutions.Answer:

Becauseofgovernmentregulations.

14.istheideathattherewillbealowercostofproductionperunitasthefirmgetslarger.

Answer:

Economiesofscale

15.istheideathattherewillbelowercostofproducingmultipleservicesusingthesameorganizationandresources.

Answer:

Economiesofscope

16.Overtheyears,managersofbanksandotherfinancialinstitutionshaveevolveddifferentorganizationalformstoaddresschangesintheindustry.Indeed,thesefirmsareorganizedtocarryoutvariousrolesinthemostefficientway.Thisisreferredtoas_________________________.

Answer:

Organizationalformfollowsfunction

True/FalseQuestions

TF17.Banksizeisnotconsideredasignificantfactorindetermininghowbanksareorganized.

Answer:

False

TF18.NearlythreequartersofallU.S.banksexceed$100millioninassetsizeapiece.

Answer:

False

TF19.NearlyallU.S.bankswithfederalorstatechartershavetheirdepositsinsuredbytheFederalDepositInsuranceCorporation.

Answer:

True

TF20.State-charteredbanksintheUnitedStatesrepresentaboutaquarterofallU.S.-charteredbanks,whilenationalbanksaccountforapproximatelythreequartersofallU.S.charteredbanks.

Answer:

False

TF21.ThemajorityofallU.S.banksaremembersoftheFederalReserveSystem.

Answer:

False

TF22.Abankingcorporationcharteredbyeitherfederalorstategovernmentsthatoperatesonlyonefull-serviceofficeiscalledaunitbank.

Answer:

True

TF23.OverhalfofallU.S.statestodaylimitbranchingactivity.

Answer:

False

TF24.TheaverageU.S.bankislargerinsize（intermsofnumberofbranchoffices）thantheaverageCanadianbank.

Answer:

False

TF25.DespitetherapidgrowthofautomationinU.S.banking,therearemorefull-servicebranchbankingofficesthanautomatedtellermachinesacrossthewholeU.S.

Answer:

False

TF26.IntheUnitedStatestherearemoreone-bankholdingcompaniesthanmulti-bankholdingcompanies.

Answer:

True

TF27.Bankholdingcompaniesholdmorethan90percentoftheindustry’sassetsintheUnitedStates.

Answer:

True

TF28.Researchevidencesuggeststhatbankstakenoverbyinterstatebankingorganizationshavegenerallyincreasedtheirmarketsharesovertheircompetitorswithinthesamestateandgenerallyaremoreprofitablethantheircompetitors.

Answer:

False

TF29.Theconcentrationofbankdepositsatthelocallevel（thatisinurbancommunitiesandruralcounties）hasdisplayedonlymoderatechangesinrecentyears.

Answer:

True

TF30.Thereisevidencethatbranchbankschargehigherfeesforsomebankingservicesthandounitbanks.

Answer:

True

TF31.Branchbankstendtoofferawidermenuofservicesthanunitbanks.

Answer:

False

TF32.Recentresearchsuggeststhatbranchbankstendtobemoreprofitablethaneitherunitorholdingcompanybanks,whileinterstatebankstendtobethemostprofitableofall.

Answer:

False

TF33.Lessthan10percentofthelargestbanksintheU.S.controlalmost90percentoftheindustryassets.

Answer:

True

TF34.Agencytheorysuggeststhatbankmanagementwillalwayspursuethegoalofmaximizingthereturnofthebank'sshareholders.

Answer:

False

TF35.RecentresearchsuggeststhattherelationshipbetweenbanksizeandthecostofproductionperunitisroughlyUshaped.

Answer:

True

TF36.Bankholdingcompaniesthatwanttoachievethegoalofriskreductioninearningsriskthroughinterstatebankingcanachievethesamelevelofriskreductionbyenteringanyofthefiftystates.

Answer:

False

TF37.Bankholdingcompaniesareallowedtoownnonbankbusinessesaslongasthosebusinessesofferservicescloselyrelatedtobanking.

Answer:

True

TF38.Bankstendtohaveahigherproportionofoutsidedirectorsthanatypicalmanufacturingfirm.

Answer:

True

TF39.Bankswhichoperateentirelyonthewebareknownasinvisiblebanks.

Answer:

False

TF40.Banksacquiredbyholdingcompaniesarereferredtoasaffiliatedbanks.

Answer:

True

TF41.Bankorganizationalstructurehasbecomemorecomplexinrecentyears.

Answer:

True

TF42.ThereareonlyaverysmallnumberofunitbanksintheU.S.today.

Answer:

False

TF43.Traditionalbrick-and-mortarbankbranchofficesareonthedeclineintheU.S.today.

Answer:

False

TF44.Communitybanksareusuallysmallerbanksthataredevotedprincipallytothemarketsforsmaller,locallybaseddepositsandloans.

Answer:

True

TF45.Thequestionofwhetherfinancialfirmsoperateasefficientlyaspossiblerequiresresearcherstolookintotheissueofx-efficiency.Theconceptrequiresanassessmentofthefinancialfirm’soperatingcostsinrelationtoitscost-efficientfrontier.

Answer:

True

MultipleChoiceQuestions

46.Inbanking,organizationalformfollows__________becausebanksusuallyareorganizedinsuchawayastocarryoutthetasksandsupplytheservicesdemandedofthem.Thetermthatcorrectlyfillsintheblankinthesentenceaboveis:

A）Banksize

B）Management'sdecision

C）Function

D）Regulation

E）Location

Answer:

C

47.Whichoneofthefollowingischargedwithsettingpolicyandoverseeingabank'sperformance?

A）Stockholders

B）Boardofdirectors

C）Regulators

D）Depositors

E）Noneoftheabove.

Answer:

B

48.Thelargestbankspossesssomepotentialadvantagesoversmallandmedium-sizebanks,accordingtothetextbook.Whatspecificadvantageofthelargestbanksoversmallandmedium-sizedbanksisnotmentionedinthetext?

A）Greaterdiversificationgeographicallyandbyproductline

B）Availabilityoffinancialcapitalatlowercost

C）Greaterprofessionalexpertisetoallocatecapitaltothemostpromisingproductsandservices

D）Betterpositionedtotakeadvantageoftheopportunitiesaffordedbyinterstatebanking.

E）Alloftheabovewerementionedinthetextasadvantagestypicallypossessedbythelargestbanks.

Answer:

E

49.BeforeanyfinancialservicescanbeofferedtoanyoneabankintheUnitedStatesmusthavea:

A）Certificateofdepositinsurance

B）Charterofincorporation

C）Listofestablishedcustomers

D）Newbuildingconstructedtobethebank'spermanenthome

E）Noneoftheabove.

Answer:

B

50.IntheUnitedStatestherearecloseto__________commercialbanksinoperation.WhichnumbershownbelowisclosesttotheactualtotalnumberofU.S.banksoperatingintheU.S.?

A）20,500

B）13,500

C）11,500

D）9,000

E）7,500

Answer:

E

51.Oneofthefewstatesthathasoptedoutofinterstatebankingis:

A）NewYork

B）Ohio

C）Texas

D）Montana

E）Noneoftheabove

Answer:

D

52.TheconcentrationofU.S.bankdepositsinthehandsofthelargestbankshas_________duringthemostrecentperiod,

A）Declined

B）Increased

C）Remainedessentiallyunchanged

D）Exhibitedlargefluctuationsinbothdirections

E）Noneofabove.

Answer:

B

53.Bankholdingcompanyorganizationshaveseveraladvantagesoverothertypesofbankingorganizations.Amongtheadvantagesmentionedinthischapteris:

A）Greatereaseofaccesstocapitalmarkets

B）Taxadvantage

C）Product-linediversification

D）Alloftheabove.

E）Noneofthe