商业银行管理彼得S.罗斯英文原书第8版-英语试题库Chap003

1、Chapter 3 The Orga ni zati on and Structure of Banking and the Finan cial-Services In dustry Fill in the Bla nk Questio ns 1. A(n) is a machi ne located at the mercha nts place of bus in ess which allows depositors to use their debit card to pay for purchases directly. An swer: POS 2. A(n)is a bank

2、which offers its full range of services from several locati ons. An swer: branch bank 3. A(n) is a bank which offers its full range of services from only one locati on. An swer: unit bank 4. A(n)is a corporation chartered for the express purpose of holding the stock of one or more ban ks. An swer: B

3、ank Holdi ng Compa ny 5. Man agers who value fringe ben efits, plush offices and ample travel budgets over the pursuit of maximum retur ns for stockholders are exhibit ing sig ns of. An swer: Expe nse Prefere nee Behavior 6. A(n) can in vest in corporate stock as sell as loa n money to help finance

4、the start of new ven tures or support the expa nsion of existi ng bus in esses An swer: Mercha nt bank 7. A bank which operates exclusively over the in ter net is known as abank. An swer: Virtual 8. One new 21st century bank organizational structures is. This is a special type of holdi ng compa ny t

5、hat may offer the broadest range of finan cial services. An swer: Finan cial Holdi ng Compa ny (FHC) 9. The key problem in a large money cen ter bank is. Man agers may be kno wledgeable about banking practices but may be less in formed about products and services of subsidiary compa ni es. An swer:

6、spa n of con trol 10. The Gramm-Leach-Bliley Act moved the U.S. banking industry closer to banking in which banks may provide securities, in sura nee, and other finan cial products. An swer: uni versal 11. A bank that is not associated with a bank holding company is called a(n)bank. An swer: in depe

7、 ndent 12. is a view of how modern corporations operate which analyzes the relati on ship betwee n a firm s owners and its man agers. An swer: Agency theory 13. Many experts believe that , the relati on ships that exist betwee n man agers, the board of directors and stockholders, is more complicated

8、 in financial institutions. Answer: Because of gover nment regulati ons. 14. is the idea that there will be a lower cost of product ion per unit as the firm gets larger. An swer: Econo mies of scale 15. is the idea that there will be lower cost of producing multiple services using the same orga ni z

9、ati on and resources. An swer: Econo mies of scope 16. Over the years, managers of banks and other financial institutions have evolved different orga ni zati onal forms to address cha nges in the in dustry .In deed, these firms are orga ni zed to carry out various roles in the most efficie nt way. T

10、his is referred to as. An swer: Orga nizatio nal form follows fun cti on True/False Questi ons T F 17. Bank size is not considered a significant factor in determining how banks are organized. An swer: False T F 18. Nearly three quarters of all U.S. banks exceed $100 million in asset size apiece. An

11、swer: False T F 19. Nearly all U.S. banks with federal or state charters have their deposits insured by the Federal Deposit In sura nee Corporati on. An swer: True T F 20. State-chartered banks in the United States represent about a quarter of all U.S.-chartered ban ks, while n ati onal banks acco u

12、nt for approximately three quarters of all U.S. chartered ban ks. An swer: False T F 21. The majority of all U.S. banks are members of the Federal Reserve System. An swer: False T F 22. A banking corporation chartered by either federal or state governments that operates only one full-service office

13、is called a unit bank. An swer: True T F 23. Over half of all U.S. states today limit bran chi ng activity. An swer: False T F 24. The average U.S. bank is larger in size (in terms of number of branch offices) than the average Can adia n bank. An swer: False T F 25. Despite the rapid growth of autom

14、ation in U.S. banking, there are more full-service branch banking offices tha n automated teller machi nes across the whole U.S. An swer: False T F 26. In the Uni ted States there are more on e-ba nk holdi ng compa nies tha n multi-ba nk holdi ng compa ni es. An swer: True T F 27. Bank holding compa

15、nies hold more than 90 percent of the industryinstaedUtsted States. An swer: True T F 28. Research evide nee suggests that banks take n over by in terstate banking orga ni zati ons have gen erally in creased their market shares over their competitors within the same state and gen erally are more pro

16、fitable tha n their competitors. An swer: False T F 29. The concentration of bank deposits at the local level (that is in urban communities and rural counties) has displayed only moderate changes in recent years. Answer: True T F 30. There is evidence that branch banks charge higher fees for some ba

17、nking services than do unit banks. Answer: True T F 31. Branch banks tend to offer a wider menu of services than unit banks. Answer: False T F 32. Recent research suggests that branch banks tend to be more profitable than either unit or holding company banks, while interstate banks tend to be the mo

18、st profitable of all. Answer: False T F 33. Less than 10 percent of the largest banks in the U.S. control almost 90 percent of the industry assets. Answer: True T F 34. Agency theory suggests that bank management will always pursue the goal of maximizing the return of the banks shareholders. Answer:

19、 False T F 35. Recent research suggests that the relationship between bank size and the cost of production per unit is roughly U shaped. Answer: True T F 36. Bank holding companies that want to achieve the goal of risk reduction in earnings risk through interstate banking can achieve the same level

20、of risk reduction by entering any of the fifty states. Answer: False T F 37. Bank holding companies are allowed to own nonbank businesses as long as those businesses offer services closely related to banking. Answer: True T F 38. Banks tend to have a higher proportion of outside directors than a typ

21、ical manufacturing firm. Answer: True T F 39. Banks which operate entirely on the web are known as invisible banks. Answer: False T F 40. Banks acquired by holding companies are referred to asaffiliated banks Answer: True T F 41. Bank organizational structure has become more complex in recent years.

22、 Answer: True T F 42. There are only a very small number of unit banks in the U.S. today. Answer: False T F 43. Traditional brick-and-mortar bank branch offices are on the decline in the U.S. today. Answer: False T F 44. Community banks are usually smaller banks that are devoted principally to the m

23、arkets for smaller, locally based deposits and loans. Answer: True T F 45. The question of whether financial firms operate as efficiently as possible requires researchers to look into the issue of x-efficiency. The concept requires an assessment of the financial firms operating costs in relation to

24、-ietsffcicoiesnt t frontier. Answer: True Multiple Choice Questions 46. In banking, organizational form follows because banks usually are organized in such a way as to carry out the tasks and supply the services demanded of them. The term that correctly fills in the blank in the sentence above is: A

25、) Bank size B) Managements decision C) Function D) Regulation E) Location Answer: C 47. Which one of the following is charged with setting policy and overseeing a banks performance? A) Stockholders B) Board of directors C) Regulators D) Depositors E) None of the above. An swer: B 48. The largest ban

26、ks possess some potential advantages over small and medium-size banks, according to the textbook. What specific adva ntage of the largest banks over small and medium-sized banks is not men ti oned in the text? A) Greater diversification geographically and by product line B) Availability of financial

27、 capital at lower cost C) Greater professional expertise to allocate capital to the most promising products and services D) Better positi oned to take adva ntage of the opport un ities afforded by in terstate banking. E) All of the above were mentioned in the text as advantages typically possessed b

28、y the largest ban ks. An swer: E 49. Before any financial services can be offered to anyone a bank in the United States must have a: A) Certificate of deposit in sura nee B) Charter of incorporation C) List of established customers D) New building constructed to be the banks permanent home E) None o

29、f the above. An swer: B 50. In the United States there are close tocommercial banks in operation. Which number shown below is closest to the actual total number of U.S. banks operating in the U.S.? A) 20,500 B) 13,500 C) 11,500 D) 9,000 E) 7,500 An swer: E 51. One of the few states that has opted ou

30、t of in terstate banking is: A) New York B) Ohio C) Texas D) Montana E) None of the above An swer: D 52. The concentration of U.S. bank deposits in the hands of the largest banks hasduring the most recent period, A) Declined B) In creased C) Remained essentially unchanged D) Exhibited large fluctuat

31、ions in both directions E) None of above. Answer: B 53. Bank holding company organizations have several advantages over other types of banking organizations. Among the advantages mentioned in this chapter is: A) Greater ease of access to capital markets B) Tax advantage C) Product-line diversificati

32、on D) All of the above. E) None of the above. Answer: D 54. A company which owns the stock of three different banks is known as a(n): A) Unit Bank B) Interstate Bank C) One Bank Holding Company D) Multi Bank Holding Company E) None of the above Answer: D 55. Which of the following is considered an a

33、dvantage of branch banking? A) Increased availability and convenience of services B) Decreased chance of failure C) Reduced transaction costs D) B and C above E) All of the above Answer: E 56. The types of nonbank businesses a bank holding company can own include which of the following? A) Retail Co

34、mputer Store B) Security Brokerage Firm C) Retail Grocery Store D) Wholesale Electronic Distribution Company E) All of the above Answer: B 57. A bank which offers its full range of services from only one office is known as a: A) Unit Bank B) Branch Bank C) Correspondent Bank D) Bank Holding Company

35、E) None of the above Answer: A 58. Why did so many states and the federal gover nment fin ally enact in terstate banking laws? A) The need for new capital in order to revive struggling economies B) The expansion of services by nonbank financial institutions C) Competition from neighboring states tha

36、t already liberalized their laws D) Adva nces in tech no logy which allowed banks to service customers in broader geographic areas E) All of the above are reas ons for the passage of in terstate banking laws An swer: E 59. What is a bank holding company? A) It is a bank that offers all of its servic

37、es out of one office B) It is a bank that offers all its services out of several offices C) It is a corporation formed to hold the stock of one or more banks D) It is a merchant bank E) None of the above An swer: C 60. Which of the following is a type of service a bank holding company is not allowed

38、 to own? A) Merchant banking company B) Savings and loan association C) Retail electronics equipment sales company D) Security brokerage firm E) In sura nee age ncy An swer: C 61. In the last decade, the number of banks hasand the number of branches has A) Decli ned; In creased B) Grown; Increased C

39、) Grown; Decreased D) Declined; Decreased E) Stabilized; Stabilized An swer: A 62. Websites known as electronic branches offer all of the following except: A) Internet banking services B) ATMs C) Point of sales terminals D) Computer and phone services connecting customers E) Travelers checks An swer

40、: E 63. Relative to manufacturing firms, banks tend to have a (the) number of board members. A) Same B) Larger C) Smaller D) Unknown E) None of the above Answer: B 64. The percentage of unit banks in the U.S. today is approximately: A) 10% B) 30% C) 50% D) 75% E) 100% Answer: B 65. The typical commu

41、nity bank has: A) $300 million in assets and is located in a smaller city in the Midwest. B) $25 billion in assets and is located in a large city in the East C) $100 million in assets and is located in a large city the South D) $10 billion in assets and is located in a small city in the West E) None

42、 of the above Answer: A 66. The typical money center bank has: A) $250 million in assets and is located in a smaller city in the Midwest B) $25 billion in assets and is located in a large city in the East C) $100 million in assets and is located in a large city in the South D) $10 billion in assets

43、and is located in a small city in the West E) None of the above Answer: B 67. The majority of banks today are: A) Federally chartered B) Uninsured C) State Chartered D) National Banks E) All of the above Answer: C 68. Membe banks are: A) Members of the FDIC B) Natio nal Banks C) Unit Banks D) Member

44、s of the Federal Reserve E) All of the above An swer: D 69. andbanks tend to be larger and hold more of the public deposits. A) Natio nal a nd Member B) State and Nonm ember C) Nati onal and Unin sured D) State and In sured E) None of the above An swer: A 70. Which of the following is a reason for t

45、he rapid growth in branch banks? A) Exodus of population from cities to suburban areas B) Bank con verge nee C) Bus in ess failures D) Decreased costs of brick and mortar E) All of the above An swer: A 71. Under the Bank Holding Company Act control of a bank is assumed to exist only if: A) The bank

46、holding company acquires 100% of the bank s stock B) The bank holding company acquires 50% or more of the bank s stock C) The bank holding company acquires 25% or more the bank s stock D) The bank hold ing compa ny acquires three banks E) None of the above An swer: C 72. Whe n a bank hold ing compa

47、ny acquires a nonbank bus in ess it must be approved by: A) The FDIC B) The Comptroller of the Curre ncy C) The Federal Reserve D) The Preside nt of the U.S. E) All of the above An swer: C 73. Many financial experts believe that the customers most likely to be damaged by decreased competition includ

48、e: A) Large corporations in large cities B) Households and business in smaller cities and towns C) Households that earn more than a billion dollars a year D) Students away at college E) None of the above Answer: B 74. According to Levonian and Rose in order to achieve some reduction in earnings risk

49、, interstate banks must expand into at least: A) 2 states B) 4 states C) 6 states D) 10 states E) 25 states Answer: B 75. The major competitors of banks have: A) Fewer but much larger service providers B) Fewer but smaller service providers C) More but smaller service providers D) More but larger service providers E) None of the above Answer: A 76.Of the following countries in Europe, which has the largest number of banks? A) Belgium B)