商业银行管理彼得S罗斯英文原书第8版 英语试题库Chap012.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Chap012.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Chap012
Chapter12
ManagingandPricingDepositServices
FillintheBlankQuestions
1.A(n)_________________________requiresthebanktohonorwithdrawalsimmediatelyuponrequest.
Answer:
demanddeposit
2.A(n)_________________________isaninterestbearingcheckingaccountandgivesthebanktherighttoinsistonpriornoticebeforecustomerwithdrawalscanbehonored.
Answer:
Negotiableorderofwithdrawal(NOW)
3.A(n)_________________________isashort-maturitydepositwhichpaysacompetitiveinterestrate.Only6preauthorizeddraftspermonthareallowedandonly3ofthesecanbebycheck.
Answer:
moneymarketdepositaccount
4._________________________aredesignedtoattractfundsfromcustomerswhowishtosetasidemoneyinanticipationoffutureexpendituresorfinancialemergencies.
Answer:
Thriftdeposits
5._________________________arethestablebaseofdepositedfundsthatarenothighlysensitivetomovementsinmarketinterestratesandtendtoremainwithadepositoryinstitution.
Answer:
Coredeposits
6.Somepeoplefeelthateveryoneisentitledaccesstoaminimumleveloffinancialservicenomattertheirincomelevel.Thisissueiscalledtheissueof_________________________.
Answer:
basic(lifeline)banking
7._________________________isawayofpricingdepositservicesinwhichtherateorreturnorfeeschargedonthedepositaccountarebasedonthecostofofferingtheserviceplusaprofitmargin.
Answer:
Costpluspricing
8.Whenfinancialinstitutionstemptcustomersbypayingpostagebothwaysinbank-by-mailservicesorbyofferingfreegiftssuchasteddybears,theyarepracticing___________.
Answer:
nonpricecompetition
9.The_________________________istheaddedcostofbringinginnewfunds.
Answer:
marginalcost
10._________________________pricingiswherethefinancialinstitutionsetsupascheduleoffeesinwhichthecustomerpaysalowornofeeifthedepositbalancestaysabovesomeminimumlevelandpaysahigherfeeifthebalancedeclinesbelowthatminimumlevel.
Answer:
Conditional
11.Whenacustomerischargedafixedchargepercheckthisiscalled__________________pricing.
Answer:
flatrate
12.Whenacustomerischargedbasedonthenumberandkindsofservicesused,withthecustomersthatuseanumberofservicesbeingchargedlessorhavingsomefeeswaived,thisiscalled__________________pricing.
Answer:
relationship
13._________________________ispartofthenewtechnologyforprocessingcheckswherethebanktakesapictureofthebackandthefrontoftheoriginalcheckandwhichcannowbeprocessedasiftheyweretheoriginal.
Answer:
Checkimaging
14.A(n)_________________________isathriftaccountwhichcarriesafixedmaturitydateandgenerallycarriesafixedinterestrateforthattimeperiod.
Answer:
timedeposit
15.A(n)_________________________isaconditionalmethodofpricingdepositservicesinwhichthefeespaidbythecustomerdependmainlyontheaccountbalanceandvolumeofactivity.
Answer:
depositfeeschedule
16.The_________________________waspassedin1991andspecifiestheinformationthatinstitutionsmustdisclosetotheircustomersaboutdepositaccounts.
Answer:
TruthinSavingsAct
17.The_________________________mustbedisclosedtocustomersbasedontheformulaofoneplustheinterestearneddividedbytheaverageaccountbalanceadjustedforanannual365dayyear.Itistheinterestratethecustomerhasactuallyearnedontheaccount.
Answer:
annualpercentageyield(APY)
18.A(n)_________________________isaretirementplanthatinstitutionscansellwhichisdesignedforself-employedindividuals.
Answer:
Keoghplan
19.Depositinstitutionlocationismostimportantto______-incomeconsumers.
Answer:
low
20._____-incomeconsumersappeartobemoreinfluencedbythesizeofthefinancialinstitution.
Answer:
high
21.Fordecadesdepositoryinstitutionsofferedonetypeofsavingsplan.couldbeopenedwithaslittleas$5andwithdrawalprivilegeswereunlimited.
Answer:
Passbooksavingsdeposits
22.CD’sallowdepositorstoswitchtoahigherinterestrateifmarketratesrise.
Answer:
Bump-up
23.CD’spermitperiodicadjustmentsinpromisedinterestrates.
Answer:
Step-up
24.CD’sallowthedepositortowithdrawsomeofhisorherfundswithoutawithdrawalpenalty.
Answer:
Liquid
25.A(n),whichwasauthorizedbyCongressin1997,allowsindividualstomakenon-tax-deductiblecontributionstoaretirementfundthatcangrowtaxfreeandalsopaynotaxesontheirinvestmentearningswhenwithdrawn.
Answer:
RothIRA
26.Duetothefactthattheymaybeperceivedasmorerisky,banksgenerallyofferhigherdepositratesthantraditionalbanks.
Answer:
virtual
27.areaccountsindomesticbankinginstitutionswheretheU.S.Treasurykeepsmostoftheiroperatingfunds.
Answer:
TreasuryTaxandLoanAccounts(TT&Laccounts)
28.isaprocesswheremerchantsandutilitycompaniestaketheinformationfromacheckanindividualhasjustwrittenandelectronicallydebitstheindividual’saccountinsteadofsendingthecheckthroughtheregularcheckclearingprocess.
Answer:
electroniccheckconversion
29.OnOctober28,2004,becamethelaw,permittingdepositoryinstitutionstoelectronicallytransfercheckimagesinsteadofthechecksthemselves.
Answer:
Check21
30.Thetothecostpluspricingderivestheweightedaveragecostofallfundsraisedandisbasedontheassumptionthatitisnotthecostofeachtypeofdepositthatmattersbutrathertheweightedaveragecostofallfundsthatmatters.
Answer:
pooled-fundscostapproach
True/FalseQuestions
TF31.ThevolumeofcoredepositsatU.S.bankshasbeengrowinginrecentyearsrelativetoothercategoriesofdeposits.
Answer:
False
TF32.TheU.S.TreasurykeepsmostofitsoperatingfundsinTT&Ldeposits,accordingtothetextbook.
Answer:
True
TF33.Depositsownedbycommercialbanksandheldwithotherbanksarecalledcorrespondentdeposits.
Answer:
True
TF34.Theimplicitinterestrateoncheckabledepositsequalsthedifferencebetweenthecostofsupplyingdepositservicestoacustomerandtheamountoftheservicechargeactuallyassessedthatcustomer.
Answer:
True
TF35.Legallyimposedinterest-rateceilingsondepositswerefirstsetinplaceintheUnitedStatesafterpassageoftheBankHoldingCompanyAct.
Answer:
False
TF36.Gradualphase-outoflegalinterest-rateceilingsondepositsofferedbyU.S.bankswasfirstauthorizedbytheGlass-SteagallAct.
Answer:
False
TF37.Thecontentionthattherearecertainbankingservices(suchassmallloansorsavingsandcheckingaccounts)thateverycitizenshouldhaveaccesstoisusuallycalledsocializedbanking.
Answer:
False
TF38.Domesticdepositsgeneratelegalreserves.
Answer:
True
TF39.Excesslegalreservesarethesourceoutofwhichnewbankloansarecreated.
Answer:
True
TF40.Demanddepositsareamongthemostvolatileandleastpredictableofabank'ssourcesoffundswiththeshortestpotentialmaturity.
Answer:
True
TF41.IRAandKeoghdepositshavegreatappealforbankersprincipallybecausetheycanbesoldbearingrelativelylow(oftenbelow-market)interestrates.
Answer:
False
TF42.Ingeneral,thelongerthematurityofadeposit,thelowertheyieldafinancialinstitutionmustoffertoitsdepositorsbecauseofthegreaterinterest-rateriskthebankfaceswithlonger-termdeposits.
Answer:
False
TF43.Theavailabilityofalargeblockofcoredepositsdecreasesthedurationofabank'sliabilities.
Answer:
False
TF44.Interest-bearingcheckingaccounts,onaverage,tendtogeneratelowernetreturnsthanregular(noninterest-bearing)checkingaccounts.
Answer:
False
TF45.Personalcheckingaccountstendtobemoreprofitablethancommercialcheckingaccounts.
Answer:
False
TF46.NOWaccoutscanbeheldbybusinessesandindividualsandareinterestbearingcheckingaccounts.
Answer:
False
TF47.AMMDAisashorttermdepositwherethebankcanofferacompetitiveinterestrateandwhichallowsupto6preauthorizeddraftspermonth.
Answer:
True
TF48.ARothIRAallowsanindividualtoaccumulateinvestmentearningstaxfreeandalsopaynotaxontheirinvestmentearningswhenwithdrawnprovidedthetaxpayerfollowstherulesonthisnewaccount.
Answer:
True
TF49.Competitiontendstoraisedepositinterestcosts.
Answer:
True
TF50.Competitionlowerstheexpectedreturntoabankfromputtingitsdepositstowork.
Answer:
True
TF51.Abankhasfullcontrolofitsdepositpricesinthelongrun.
Answer:
False
TF52.Nonpricecompetitionfordepositshastendedtodistorttheallocationofscarceresourcesinthebankingsector.
Answer:
True
TF53.Depositsareusuallypricedseparatelyfromloansandotherbankservices.
Answer:
True
TF54.AccordingtorecentFederalReservedatano-feesavingsaccountsareonthedecline.
Answer:
True
TF55.AccordingtorecentsurveyinformationprovidedbythestaffoftheFederalReserveBoardtheaverageleveloffeesonmosttypesofcheckingandNOWaccountsappeartohaverisen.
Answer:
True
TF56.TheTruthinSavingsActrequiresabanktodisclosetoitsdepositcustomerthefrequencywithwhichinterestiscompoundedonallinterest-bearingaccounts.
Answer:
True
TF57.UndertheTruthinSavingsActcustomersmustbeinformedoftheimpactofanyearlydepositwithdrawals
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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Chap012 商业银行 管理 彼得 罗斯 英文 原书第 英语 试题库 Chap012