商業(yè)銀行管理彼得S.羅斯英文原書第8版-英語試題庫Chap001

實用文檔PAGE1Rose/Hudgins,BankManagementandFinancialServices,8/ePAGE2 TestBank,Chapter1Chapter1AnOverviewoftheChangingFinancial-ServicesSectorFillintheBlankQuestions 1. _______________________isatraditionalserviceprovidedbybanksinwhichthebanksstorethevaluablesoftheircustomersandcertifytheirtruevalue.Answer:Safekeepingofvaluables 2. Thefactthatfinancialinstitutionsmakeloansbasedonconfidentialinformationisthe_______________________theoryofbanking.Answer:delegatedmonitoring 3. _______________________referstowhenafinancialinstitutiontradesoneformofcurrencyforanother.Anexampleofthiswouldbewhenthebanktradesdollarsforyenforafee.Answer:currencyexchangeA(n)_______________________isatraditionalservicewhichpermitsadepositortowriteadraft（匯票）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(審計署)oftheCurrencyintheUnitedStatesareknownas____________banks.Answer:National19. Bankswhichsupplybothdebtandequitycapitaltobusinessesareknownas_________banks.Answer:merchant（商人）Abankthatoffersitsservicesonlyovertheinternetisknownasa(n).Answer:virtualbank（虛擬銀行）Whenalocalmerchantsellstheaccountsreceivablestheyholdagainsttheircustomertoabankthisgenerallyknownas.Answer:discountingcommercialnotesA(n)offersloanstocommercialenterprises(suchasappliancedealers)ortoindividualsusingfundsborrowedintheopenmarketorfromotherfinancialinstitutions.ExamplesofthistypeoffinancialserviceproviderincludeGMACFinancialServicesandHouseholdFinance.Answer:financecompanyA(n)buysandsellssecuritiesonbehalfoftheircustomersandfortheirownaccounts.ExamplesofthistypeoffinancialserviceproviderincludeMerrillLynchandCharlesSchwab.Answer:securitybroker(ordealer)A(n)sellssharesmainlytoupscaleinvestorsinabroadgroupofdifferentkindsofassetsincludingnontraditionalinvestmentsincommodities,realestate,loanstoailingcompaniesandotherriskyassets.Answer:hedgefundWhenabankagreestohandlethecashcollectionsanddisbursementsforacompanyandinvestanytemporarycashsurplusesininterestbearingassets,theyareprovidingservicestotheircustomers.Answer:cashmanagementTrue/FalseQuestions T F 26. UnderU.S.federallaw,aninstitutionmakingonlyloanstohouseholdsandofferinguninsuredcheckabledepositsandsavingsdepositsqualifiesasacommercialbank.Answer:False T F 27. Nonbankbankscanofferdepositstothepublic,butthesedepositsarenoteligible（合適的）forinsurancecoveragebytheFDIC.Answer:False T F 28. Theetymologicalrootsoftheword"bank"tracethiswordbacktoanItaliantermreferringtoa"money-changer'stable". Answer:True T F 29. Accordingtothetextbook,banksarethosefinancialinstitutionsthattodayofferthewidestrangeoffinancialservicesofanybusinessfirmintheeconomy.Answer:True T F 30. Accordingtothedelegatedmonitoringtheorybanksareabletoattractborrowingcustomersbecausetheypledgeconfidentiality.Answer:True T F 31. Managingthefinancialaffairsandpropertyofindividualsandbusinessfirmsfallsunderthetypeofbankingservicelineknownascashmanagementservices.Answer:False T F 32. Theroleperformedbybanksintheeconomyinwhichtheytransformsavingsintocreditisknownastheintermediationrole.Answer:True T F 33. Theroleperformedbybanksinwhichtheystandbehindtheircustomerswhenthosecustomersareunabletopayadebtobligationisknownastheguarantorrole.Answer:True T F 34. Whenbanksserveasconduits（中轉機構）forgovernmentpolicythisisreferredtoastheiragencyrole.Answer:False T F 35. Accordingtothetextbook,high-volumebankingisrequiredtomakeefficientuseofautomationandothertechnologicalinnovations.Answer:True T F 36. ThenumberofindependentlyownedbankshasrisenintheUnitedStatesoverthelastdecade.Answer:False T F 37. Money-centerbanksusuallyservicelocalcommunities,towns,andcities,offeringanarrowmenuofservicestothepublic.Answer:False T F 38. Agreaterproportionofmajorcorporationshavedesertedthebankingsysteminrecentyearstoraiseborrowedfundsdirectlyfromtheopenmarket.Answer:True T F 39. Therecenterosionofthebankingmarketsharerelativetootherfinancialinstitutionsmeansthatbankingisadyingindustry.Answer:False T F 40. Lendinginstitutionsactasdelegatedmonitorsandcandiversifyandreducetheirriskexposure,resultinginincreasedsafetyforsavers’funds.Answer:True T F 41. Currenttheorysuggeststhatbanksexistbecauseofimperfectionsinourfinancialsystem.Answer:True T F 42. TodayU.S.banksaccountforapproximatelyfiftypercentofthelargestbanksintheworld.Answer:False T F 43. Accordingtothetextbook,traditionalbankingmaybeonthedecline.Answer:True T F 44. Convergencereferstothefactthatthenumberofbankmergershasincreasedinrecentyears.Answer:False T F 45. Bankswhichoffervirtuallyallfinancialservicesareknownasuniversalbanks（綜合銀行）.Answer:True T F 46. Lifeinsurancecompanies,securitiesfirms,andmortgage（抵押）companiesallcompetewiththetraditionalbank.Answer:TrueMultipleChoiceQuestions 47. IntheUnitedStatesacommercialbankqualifiesasa"bank"underfederallawifitoffers: A) Consumerinstallmentloans,CDs B) Savingsdeposits,commercialloans C) Checkingaccounts,commercialloans D) Securityinvestments,inventoryloanstobusinesscustomers E) Commercialdepositaccounts,consumersavingsplansAnswer:C 48. E.F.Hutton,J.C.Penney,andSearsRoebuckareamongleadingfirmsthatinthe1980’sorganizedcompetitorswithbanksthatareknownas: A) NonbankBanks B) DiscountSecurityBrokerageCompanies C) MoneyMarketFunds D) FinanceCompanies E) InvestmentBankingUnitsAnswer:A 49. Astudyofhistoryshowsthatoneofthefirstservicesofferedbybankswas: A) EquipmentLeasing B) CurrencyExchange C) SecurityBrokerageandUnderwriting D) SaleofRealEstate E) NoneoftheaboveAnswer:B 50. Banksperformtheindispensabletaskof: A) Creatingmoneywithoutmakingloan. B) Absorbingtheexcessliquiditycreatedbyotherfinancialinstitutions C) Intermediatingbetweensurplus-spendingindividualsorinstitutionsanddeficit-spendingindividualsorinstitutions D) Issuingriskydeposits E) NoneoftheaboveAnswer:C 51. Theviewthatdepositorshirebankstoanalyzethefinancialconditionofprospectiveborrowersandcontinuallyevaluatetheconditionofoutstandingloansisreferredtoas: A) Delegatedmonitoring B) Theconceptoffinancialintermediation C) Theliquidityfunctioninbanking D) Marketimperfectiontheory E) TheefficiencycontributionofbankingAnswer:AWhichofthefollowinghasbeenanimportanttrendregardingconsolidationandgeographicexpansioninbanks? A) Increasedbankbranchingactivity B) Theformationofmoreholdingcompaniestopurchasesmallerbanks C) Mergersamongsomeofthelargestbanksintheindustry D) AandCabove E) Alloftheabove.Answer:E 53. IncludedamongleadingstructuraltrendsintheU.S.bankingindustryinrecentyearsare: A) Thenumberofindependentlyownedbankshasdeclined B) Theaveragesizeofindividualbankingfirmshasincreased C) Entryacrossstatelinesfromneighboringstateshasincreased D) AandBonly E) Alloftheabove.Answer:E 54. Smaller,locallyfocusedcommercialandsavingsbanksthatoffernarrowerbutmorepersonalizedmenuoffinancialservicesareknownas: A) Moneycenterbanks B) Communitybanks C) MutualFunds D)Statebanks E) Fringebanks.Answer:B 55. Thebankingservicesthatincludesexecutingbuyandsellordersforsecuritytradingcustomersandmarketingnewsecuritiestoraisefundsforcorporationsandotherinstitutionsisreferredto: A) ComprehensivePackaging B) Wrap-aroundAccounts C) InvestmentBanking D) ProfessionalBanking E) Noneoftheabove.Answer:CAbankthatwiresfundsforthepurchaseofabeachhouseinSouthCarolinaforacustomerinOklahomaiscarryingoutthe__________ofbanks. A) Theintermediationrole B) Thepaymentrole C) Theguarantorrole D) Theagencyrole E) ThepolicyroleAnswer:B 57. Examplesofimperfectionsinthefinancialsystemwhichallowbankstoexistincludewhichofthefollowing? A) Informationalasymmetry B) Efficiencyofmarkets C) Allindividualsandbusinesseshavefullinformationaboutallinvestmentopportunities. D) Allindividualsandbusinesseshavenodifficultymeetingtheirliquidityneedsontheirown. E) Alloftheaboveareexamplesoftheimperfectionsthatexist.Answer:A 58. Abankwhichmanagestheinvestmentportfolioandpaysthebillsofanelderlycustomerwhoisunabletodoitforhimorherselfiscarryingoutthe__________ofbanks. A) Theintermediationrole B) Thepaymentrole C) Theguarantorrole D) Theagencyrole E) ThepolicyroleAnswer:D 59. Whichofthefollowingisatrendthathasaffectedallbankstoday? A) IncreasedisolationofbanksintheU.S. B) Decreasedcompetitionfromotherfinancialinstitutions C) Decreasedamountofservicesprovidedbymodernbanks D) Risingfundingcosts E) IncreasedregulationsAnswer:D 60. Whichofthefollowingisnotacurrenttrendinthebankingindustry? A) Thenumberofbanksisdeclining B) Thenumberofbankbranchesisdeclining C) Thenumberofbankservicesisincreasing D) Thenumberofbankcompetitorsisincreasing E) BankindustryconvergenceAnswer:B

61. Whichofthefollowingtypesofbankswouldmostlikelyofferthelargestnumberoffinancialservices? A) Aretailbank B) Acommunitybank C) Acommercialbank D) Auniversalbank E) AninternationalbankAnswer:D 62. Thephenomenonofconvergencerefersto: A) Financialservicefirmsexpandingintootherproductlines B) Firmsreducingtheirproductlines C) Bankmergeractivity D) Globalizationinbanking E) TechnologicalinnovationinbankingAnswer:A 63. Bankequipmentleasingactivityinvolves: A) Abankleasingitsofficefacilitiesinsteadofbuying B) Abankbuyingequipmentandthenleasingtheitemtoacustomer C) Acustomerbuyingequipmentandthenleasingittoabank D) Abankleasingcomputerequipment E) NoneoftheaboveAnswer:B 64. Wholesalebanksarethosebanksthat: A) Sellatadiscountrelativetoallcommercialbanks B) Onlymakeloanstothewholesaleindustry C) Lendalmostexclusivelytofarmers D) Arelargebankswhichservecorporationsandgovernment E) HaveonlyretailcustomersAnswer:DJonathanRobbinshasanaccountinabankthatdoesnothaveaphysicalbranch.Jonathandoesallofhisbankingbusinessovertheinternet.WhattypeofbankdoesJonathanhavehisaccountat?A)VirtualBankB)MortgageBankC)CommunityBankD)AffiliatedBankE)NoneoftheaboveAnswer:ATheEdmondNationalBankservesonlytheCityofEdmond,Oklahomaandconcentratesonprovidingthebestpossibleservicetothiscity.Whattypeofbankisthismostlikelytobe?A)VirtualBankB)MortgageBankC)CommunityBank（社區(qū)銀行）D)AffiliatedBankE)NoneoftheaboveAnswer:CTheCharlestonSouthernBankmakesloansforfamiliestopurchasenewandexistinghomesbutdoesnottakedeposits.Whattypeofbankisthismostlikelytobe?A)VirtualBankB)MortgageBankC)CommunityBankD)AffiliatedBankE)NoneoftheaboveAnswer:BWhichofthefollowingisconsideredafringebank?A)CommunityBankB)WholesaleBankC)MerchantBankD)PaydayLenderE)NoneoftheaboveAnswer:DDuringthemiddleages,banksencounteredreligiousoppositionbecause:A)LoanstothepooroftencarriedhighinterestratesB)LoansanddepositswereprimarilyforwealthycustomersC)TheIndustrialRevolutiondemandednewmethodsofmakingpaymentsandobtainingcreditD)Savingsandwealthwerelostduetowar,theftandexpropriationbygovernmentsE)AlloftheaboveAnswer:AReligiousoppositiondecreasedduringtheRenaissancebecause:A)LoanstothepooroftencarriedhighinterestratesB)LoansanddepositswereprimarilyforwealthycustomersC)TheIndustrialRevolutiondemandednewmethodsofmakingpaymentsandobtainingcreditD)Savingsandwealthwerelostduetowar,theftandexpropriationbygovernmentsE)AlloftheaboveAnswer:BBanksliketheMediciBankinItalyandtheHochstetterBankinGermanyweresuccessfulbecauseandtheyrespondedwelltothesenewneeds.A)LoanstothepooroftencarriedhighinterestratesB)LoansanddepositswereprimarilyforwealthycustomersC)TheIndustrialRevolutiondemandednewmethodsofmakingpaymentsandobtainingcreditD)Savingsandwealthwerelostduetowar,theftandexpropriationbygovernmentsE)AlloftheaboveAnswer:CEarlyEuropeanbankswereplacesforsafekeepingofwealthbecause:A)LoanstothepooroftencarriedhighinterestratesB)LoansanddepositswereprimarilyforwealthycustomersC)TheindustrialrevolutiondemandednewmethodsofmakingpaymentsandobtainingcreditD)Savingsandwealthwerelostduetowar,theftandexpropriationbygovernmentsE)AlloftheaboveAnswer:DTheU.S.governmentwantstopreventmoneylaunderingbydrugcartels.Topromotethisgoal,theyhaveaskedbankstoreportanycashdepositsgreaterthan$10,000tothegovernment.Whichofthefollowingrolesisthebankperforming?A)TheintermediationroleB)ThepaymentroleC)TheriskmanagementroleD)TheguarantorroleE)ThepolicyroleAnswer:ETheEdmondWineandCheeseshopwantstobuy30casesofFrenchChampagneoncredit.BankofAmericawritesaletterofcreditstatingthattheEdmondWineandCheeseshopisagoodriskandthatiftheydonotpayofftheloan,BankofAmericawill.Whichofthefollowingrolesisthebankperforming?A)TheintermediationroleB)ThepaymentroleC)TheriskmanagementroleD)Theguarantor（保證人）roleE)ThepolicyroleAnswer:DAlexanderPhuagoestohislocalbankandgetsaninsurancepolicythatprotectshimagainstlossincaseheisinacaraccident.Whichofthefollowingrolesisthebankperforming?A)TheintermediationroleB)ThepaymentroleC)TheriskmanagementroleD)TheguarantorroleE)ThepolicyroleAnswer:CChrisJonesgetsacashier’scheckfromWachoviaBanktomakehisdownpaymentonanewhome.Whichofthefollowingrolesisthebankperforming?A)TheintermediationroleB)ThepaymentroleC)TheriskmanagementroleD)TheguarantorroleE)ThepolicyroleAnswer:BTheBank,N.A.acceptsdepositsfromthousandsofindividualsandlendsthatmoneyto(amongothers)theStillwaterBodyShoptoexpandtheirworkbays.Whichofthefollowingrolesisthebankperforming?A)Theintermediation（仲裁）roleB)ThepaymentroleC)TheriskmanagementroleD)TheguarantorroleE)ThepolicyroleAnswer:AMajortrendsaffectingtheperformanceoffinancialfirmstodayincludealloftheseexcept:A)Greaterproduct-linediversificationB)ReducedbranchingC)GeographicdiversificationD)ConvergenceE)IncreasingautomationAnswer:BTheFirstNationalBankofLakelandmakesriskyloanstobusinesstoexpandandgrowtheirbusinesseswhileatthesametimeacceptingfundsintocheckingaccountsthatareinsuredbytheFDIC.Whichofthefollowingservicesisthisbankofferingtotheircustomers?A)RiskyarbitrageservicesB)LiquidityservicesC)AbilityofthebanktoevaluateinformationD)DivisibilityofmoneyservicesE)CreditservicesAnswer:AJonathanWynnknowsthatifhewantedtopurchaseaTreasuryBill,theminimumamounthewouldspendwouldbecloseto$10,000.Healsoknowsthathecoulddeposit$1,000inamoneymarketdepositaccountatabankandearnaboutthesamerateofinterest.Jonathandoesnothave$10,000toinvestinaTreasuryBill.IfJonathanputshismoneyinthebank,whichservicethatabankcanprovideishetakingadvantageof?A)RiskyarbitrageservicesB)LiquidityservicesC)AbilityofthebanktoevaluateinformationD)DivisibilityofmoneyservicesE)CreditservicesAnswer:DNickRodrgetsaloanfromtheFirstStateBankofGuthrietopurchaseanewrefrigerator（冰箱）forhiscondo.Whatservicethatabankprovidesishetakingadvantageof?A)RiskyarbitrageservicesB)LiquidityservicesC)AbilityofabanktoevaluateinformationD)DivisibilityofmoneyservicesE)CreditservicesAnswer:EDrewDavisgoestohislocalbanktogethelpdevelopingafinancialplanandmakinginvestmentdecisions.WhichofthemorerecentservicesbanksofferisDrewtakingadvantageof?A)GettingaconsumerloanB)GettingfinancialadviceC)ManagingcashD)GettingventurecapitalservicesE)BuyingaretirementplanAnswer:BTheBartholemewBakeryreceivesalotofpaymentsincash.Theydeposititintheirlocalbankwhoinveststhemoneyinaninterestbearingaccountuntilitisneededtopaybills.WhichofthefinancialservicesbanksofferistheBartholemewbakerytakingadvantageof?A)GettingaconsumerloanB)GettingfinancialadviceC)ManagingcashD)GettingventurecapitalservicesE)BuyingaretirementplanAnswer:CMyWebCastisanewcompanythatmakesiteasyforindivi