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

1、商业银行管理彼得S罗斯英文原书第8版 英语试题库Chap001Chapter 1An Overview of the Changing Financial-Services Sector Fill in the Blank Questions 1. _ is a traditional service provided by banks in which the banks store the valuables of their customers and certify their true value. Answer: Safekeeping of valuables 2. The fa

2、ct that financial institutions make loans based on confidential information is the _ theory of banking. Answer: delegated monitoring 3. _ refers to when a financial institution trades one form of currency for another. An example of this would be when the bank trades dollars for yen for a fee. Answer

3、: currency exchange 4.A(n) _ is a traditional service which permits a depositor to write a draft （汇票）in payment for goods and services. Answer: demand deposit (checking account) 5. _ is a service provided by banks where the bank lends money to individuals for the purchase of durable and other goods.

4、 Answer: Consumer lending 6. The _ of a bank is a traditional service where the bank manages the financial affairs and property of individuals (and in some cases businesses). Answer: trust services 7. Companies such as Merrill Lynch and Sears which offered some but not all banking services in the 19

5、80s were called _. Answer: nonbank banks 8. The loosening of government regulation and control of financial institutions is called _. Answer: deregulation 9. _ is an alternative to lending in which the financial institution purchases the equipment and rents it to its customers. Answer: Equipment lea

6、sing services 10. The_ is a landmark act which allows financial service providers to offer an expanded menu of financial services for the customer. This law allows banks to truly become conglomerate financial service providers. Answer: Financial Services Modernization Act (Gramm-Leach-Bliley Act) 11

7、. The country with the most banks is _. Answer: United States 12. According to Congress a _ is defined as any institution that can qualify for deposit insurance administered by the FDIC. Answer: Bank 13. A bank which spans regions, nations, and continents, offering the widest menu of financial servi

8、ces is known as a _bank. Answer: money-center bank 14. _ refers to the movement of businesses across industry lines in order to broaden its base. Answer: Convergence 15. Banks which serve primarily households and small firms are known as _ banks. Answer: retail 16. Banks that sell deposits and make

9、loans to businesses and individuals are known as _banks. Answer: commercial 17. Banks which underwrite issues of new securities for their corporate customers are known as _ banks. Answer: investment 18. Banks which function under a federal charter through the Comptroller (审计署)of the Currency in the

10、United States are known as _ banks. Answer: National 19. Banks which supply both debt and equity capital to businesses are known as _ banks. Answer: merchant（商人）20.A bank that offers its services only over the internet is known as a(n) .Answer: virtual bank（虚拟银行）21.When a local merchant sells the ac

11、counts receivables they hold against their customer to a bank this generally known as .Answer: discounting commercial notes22.A(n) offers loans to commercial enterprises (such as appliance dealers) or to individuals using funds borrowed in the open market or from other financial institutions. Exampl

12、es of this type of financial service provider include GMAC Financial Services and Household Finance.Answer: finance company23.A(n) buys and sells securities on behalf of their customers and for their own accounts. Examples of this type of financial service provider include Merrill Lynch and Charles

13、Schwab.Answer: security broker (or dealer)24.A(n) sells shares mainly to upscale investors in a broad group of different kinds of assets including nontraditional investments in commodities, real estate, loans to ailing companies and other risky assets.Answer: hedge fund25.When a bank agrees to handl

14、e the cash collections and disbursements for a company and invest any temporary cash surpluses in interest bearing assets, they are providing services to their customers.Answer: cash management True/False Questions T F 26. Under U.S. federal law, an institution making only loans to households and of

15、fering uninsured checkable deposits and savings deposits qualifies as a commercial bank. Answer: False T F 27. Nonbank banks can offer deposits to the public, but these deposits are not eligible（合适的） for insurance coverage by the FDIC. Answer: False T F 28. The etymological roots of the word bank tr

16、ace this word back to an Italian term referring to a money-changers table. Answer: True T F 29. According to the textbook, banks are those financial institutions that today offer the widest range of financial services of any business firm in the economy. Answer: True T F 30. According to the delegat

17、ed monitoring theory banks are able to attract borrowing customers because they pledge confidentiality. Answer: True T F 31. Managing the financial affairs and property of individuals and business firms falls under the type of banking service line known as cash management services.Answer: False T F

18、32. The role performed by banks in the economy in which they transform savings into credit is known as the intermediation role.Answer: True T F 33. The role performed by banks in which they stand behind their customers when those customers are unable to pay a debt obligation is known as the guaranto

19、r role.Answer: True T F 34. When banks serve as conduits（中转机构） for government policy this is referred to as their agency role.Answer: False T F 35. According to the textbook, high-volume banking is required to make efficient use of automation and other technological innovations. Answer: True T F 36.

20、 The number of independently owned banks has risen in the United States over the last decade. Answer: False T F 37. Money-center banks usually service local communities, towns, and cities, offering a narrow menu of services to the public. Answer: False T F 38. A greater proportion of major corporati

21、ons have deserted the banking system in recent years to raise borrowed funds directly from the open market. Answer: True T F 39. The recent erosion of the banking market share relative to other financial institutions means that banking is a dying industry. Answer: False T F 40. Lending institutions

22、act as delegated monitors and can diversify and reduce their risk exposure, resulting in increased safety for savers funds. Answer: True T F 41. Current theory suggests that banks exist because of imperfections in our financial system. Answer: True T F 42. Today U.S. banks account for approximately

23、fifty percent of the largest banks in the world. Answer: False T F 43. According to the textbook, traditional banking may be on the decline. Answer: True T F 44. Convergence refers to the fact that the number of bank mergers has increased in recent years. Answer: False T F 45. Banks which offer virt

24、ually all financial services are known as universal banks（综合银行）. Answer: True T F 46. Life insurance companies, securities firms, and mortgage（抵押） companies all compete with the traditional bank. Answer: True Multiple Choice Questions 47. In the United States a commercial bank qualifies as a bank un

25、der federal law if it offers: A) Consumer installment loans, CDs B) Savings deposits, commercial loans C) Checking accounts, commercial loans D) Security investments, inventory loans to business customers E) Commercial deposit accounts, consumer savings plans Answer: C 48. E. F. Hutton, J.C. Penney,

26、 and Sears Roebuck are among leading firms that in the1980s organized competitors with banks that are known as: A) Nonbank Banks B) Discount Security Brokerage Companies C) Money Market Funds D) Finance Companies E) Investment Banking Units Answer: A 49. A study of history shows that one of the firs

27、t services offered by banks was: A) Equipment Leasing B) Currency Exchange C) Security Brokerage and Underwriting D) Sale of Real Estate E) None of the above Answer: B 50. Banks perform the indispensable task of: A) Creating money without making loan. B) Absorbing the excess liquidity created by oth

28、er financial institutions C) Intermediating between surplus-spending individuals or institutions and deficit-spending individuals or institutions D) Issuing risky deposits E) None of the above Answer: C 51. The view that depositors hire banks to analyze the financial condition of prospective borrowe

29、rs and continually evaluate the condition of outstanding loans is referred to as: A) Delegated monitoring B) The concept of financial intermediation C) The liquidity function in banking D) Market imperfection theory E) The efficiency contribution of banking Answer: A 52. Which of the following has b

30、een an important trend regarding consolidation and geographic expansion in banks? A) Increased bank branching activity B) The formation of more holding companies to purchase smaller banks C) Mergers among some of the largest banks in the industry D) A and C above E) All of the above.Answer: E 53. Included among leading structural trends in the U.S. banking industry in recent years are: A) The number of independently owned banks has de