商業(yè)銀行管理彼得S.羅斯英文原書第8版-英語試題庫(kù)Chap003

1、Chapter 3The Organization and Structure of Banking and the Financial-Services IndustryFill in the Blank Questions1. A(n) is a machine located at the merchants place of business which allows depositors to use their debit card to pay for purchases directly.Answer: POS2. A(n)is a bank which offers its

2、full range of services from several locations.Answer: branch bank3. A(n) is a bank which offers its full range of services from only one location.Answer: unit bank4. A(n)is a corporation chartered for the express purpose of holding the stock of one or more banks.Answer: Bank Holding Company5. Manage

3、rs who value fringe benefits, plush offices and ample travel budgets over the pursuit of maximum returns for stockholders are exhibiting signs of. Answer: Expense Preference Behavior6. A(n) can invest in corporate stock as sell as loan money to help finance the start of new ventures or support the e

4、xpansion of existing businesses Answer: Merchant bank7. A bank which operates exclusively over the internet is known as a bank.Answer: Virtual8. One new 21st century bank organizational structures is. This is a special type of holding company that may offer the broadest range of financial services.

5、Answer: Financial Holding Company (FHC)9. The key problem in a large money center bank is. Managers may be knowledgeable about banking practices but may be less informed about products and services of subsidiary companies.Answer: span of control10. The Gramm-Leach-Bliley Act moved the U.S. banking i

6、ndustry closer to banking in which banks may provide securities, insurance, and other financial products.Answer: universal11. A bank that is not associated with a bank holding company is called a(n)bank. Answer: independent12. is a view of how modern corporations operate which analyzes the relations

7、hip between a firm s owners and its managers.Answer: Agency theory13. Many experts believe that , the relationships that exist between managers, the board of directors and stockholders, is more complicated in financial institutions. Answer: Because of government regulations.14. is the idea that ther

8、e will be a lower cost of production per unit as the firm gets larger.Answer: Economies of scale15. is the idea that there will be lower cost of producing multiple services using the same organization and resources.Answer: Economies of scope16. Over the years, managers of banks and other financial i

9、nstitutions have evolved different organizational forms to address changes in the industry. Indeed, these firms are organized to carry out various roles in the most efficient way. This is referred to as. Answer: Organizational form follows functionTrue/False QuestionsT F 17. Bank size is not conside

10、red a significant factor in determining how banks are organized. Answer: FalseT F 18. Nearly three quarters of all U.S. banks exceed $100 million in asset size apiece. Answer: False29 / 13T F 19. Nearly all U.S. banks with federal or state charters have their deposits insured by the Federal Deposit

11、Insurance Corporation.Answer: TrueT F 20. State-chartered banks in the United States represent about a quarter of all U.S.-chartered banks, while national banks account for approximately three quarters of all U.S. chartered banks.Answer: FalseT F 21. The majority of all U.S. banks are members of the

12、 Federal Reserve System.Answer: FalseT F 22. A banking corporation chartered by either federal or state governments that operates only one full-service office is called a unit bank.Answer: TrueT F 23. Over half of all U.S. states today limit branching activity. Answer: FalseT F 24. The average U.S.

13、bank is larger in size (in terms of number of branch offices) than the average Canadian bank.Answer: FalseT F 25. Despite the rapid growth of automation in U.S. banking, there are more full-service branch banking offices than automated teller machines across the whole U.S.Answer: FalseT F 26. In the

14、 United States there are more one-bank holding companies than multi-bank holding companies.Answer: TrueT F 27. Bank holding companies hold more than 90 percent of the industry instaesetsted States.Answer: TrueT F 28. Research evidence suggests that banks taken over by interstate banking organization

15、s have generally increased their market shares over their competitors within the same state and generally are more profitable than their competitors.Answer: FalseT F 29. The concentration of bank deposits at the local level (that is in urban communities and rural counties) has displayed only moderat

16、e changes in recent years.Answer: TrueT F 30. There is evidence that branch banks charge higher fees for some banking services than do unit banks.Answer: TrueT F 31. Branch banks tend to offer a wider menu of services than unit banks.Answer: FalseT F 32. Recent research suggests that branch banks te

17、nd to be more profitable than either unit or holding company banks, while interstate banks tend to be the most profitable of all.Answer: FalseT F 33. Less than 10 percent of the largest banks in the U.S. control almost 90 percent of the industry assets.Answer: TrueT F 34. Agency theory suggests that

18、 bank management will always pursue the goal of maximizing the return of the banks shareholders.Answer: FalseT F 35. Recent research suggests that the relationship between bank size and the cost of production per unit is roughly U shaped.Answer: TrueT F 36. Bank holding companies that want to achiev

19、e the goal of risk reduction in earnings risk through interstate banking can achieve the same level of risk reduction by entering any of the fifty states.Answer: FalseT F 37. Bank holding companies are allowed to own nonbank businesses as long as those businesses offer services closely related to ba

20、nking.Answer: TrueT F 38. Banks tend to have a higher proportion of outside directors than a typical manufacturing firm.Answer: True31 / 13T F 39. Banks which operate entirely on the web are known as invisible banks. Answer: FalseT F 40. Banks acquired by holding companies are referred to asaffiliat

21、ed banks Answer: TrueT F 41. Bank organizational structure has become more complex in recent years. Answer: TrueT F 42. There are only a very small number of unit banks in the U.S. today. Answer: FalseT F 43. Traditional brick-and-mortar bank branch offices are on the decline in the U.S. today. Answ

22、er: FalseT F 44. Community banks are usually smaller banks that are devoted principally to the markets for smaller, locally based deposits and loans.Answer: TrueT F 45. The question of whether financial firms operate as efficiently as possible requires researchers to look into the issue of x-efficie

23、ncy. The concept requires an assessment of the financial firm s operating costs in relation to -ietsffcicoiesnt t frontier.Answer: TrueMultiple Choice Questions46. In banking, organizational form follows because banks usually are organized in such away as to carry out the tasks and supply the servic

24、es demanded of them. The term that correctly fills in the blank in the sentence above is:A) Bank sizeB) Managements decisionC) FunctionD) RegulationE) LocationAnswer: C47. Which one of the following is charged with setting policy and overseeing a banks performance?A) Stockholders8) Board of director

25、sC) RegulatorsD) DepositorsE) None of the above. Answer: B48. The largest banks possess some potential advantages over small and medium-size banks, according to the textbook. What specific advantage of the largest banks over small and medium-sized banks is not mentioned in the text?A) Greater divers

26、ification geographically and by product lineB) Availability of financial capital at lower costC) Greater professional expertise to allocate capital to the most promising products and servicesD) Better positioned to take advantage of the opportunities afforded by interstate banking.E) All of the abov

27、e were mentioned in the text as advantages typically possessed by the largest banks.Answer: E49. Before any financial services can be offered to anyone a bank in the United States must have a:A) Certificate of deposit insuranceB) Charter of incorporationC) List of established customersD) New buildin

28、g constructed to be the banks permanent homeE) None of the above.Answer: B50. In the United States there are close to commercial banks in operation. Which numbershown below is closest to the actual total number of U.S. banks operating in the U.S.?A) 20,500B) 13,500C) 11,500D) 9,000E) 7,500Answer: E5

29、1. One of the few states that has opted out of interstate banking is:A) New YorkB) OhioC) TexasD) MontanaE) None of the aboveAnswer: D52. The concentration of U.S. bank deposits in the hands of the largest banks has during themost recent period, A) DeclinedB) Increased33 / 13C) Remained essentially

30、unchangedD) Exhibited large fluctuations in both directionsE) None of above.Answer: B53. 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 marketsB) Tax advantag

31、eC) Product-line diversificationD) All of the above.E) None of the above.Answer: D54. A company which owns the stock of three different banks is known as a(n):A) Unit BankB) Interstate BankC) One Bank Holding CompanyD) Multi Bank Holding CompanyE) None of the aboveAnswer: D55. Which of the following

32、 is considered an advantage of branch banking?A) Increased availability and convenience of servicesB) Decreased chance of failureC) Reduced transaction costsD) B and C aboveE) All of the aboveAnswer: E56. The types of nonbank businesses a bank holding company can own include which of the following?A

33、) Retail Computer StoreB) Security Brokerage FirmC) Retail Grocery StoreD) Wholesale Electronic Distribution CompanyE) All of the aboveAnswer: B57. A bank which offers its full range of services from only one office is known as a:A) Unit BankB) Branch BankC) Correspondent BankD) Bank Holding Company

34、E) None of the aboveAnswer: A58. Why did so many states and the federal government finally enact interstate banking laws?A) The need for new capital in order to revive struggling economiesB) The expansion of services by nonbank financial institutionsC) Competition from neighboring states that alread

35、y liberalized their lawsD) Advances in technology which allowed banks to service customers in broader geographic areasE) All of the above are reasons for the passage of interstate banking lawsAnswer: E59. What is a bank holding company?A) Itisabank that offers all ofits services out of one officeB)

36、Itisabank that offers all itsservicesout of several officesC) Itisacorporation formed tohold thestock of one or more banksD) Itisamerchant bankE) None of the aboveAnswer: C60. Which of the following is a type of service a bank holding company is not allowed to own?A) Merchant banking companyB) Savin

37、gs and loan associationC) Retail electronics equipment sales companyD) Security brokerage firmE) Insurance agencyAnswer: C61. In the last decade, the number of banks has and the number of branches hasA) Declined; Increased B) Grown; Increased C) Grown; Decreased D) Declined; Decreased E) Stabilized;

38、 Stabilized Answer: A62. Websites known as electronic branches offer all of the following except:A) Internet banking servicesB) ATMsC) Point of sales terminalsD) Computer and phone services connecting customersE) Travelers checksAnswer: E35 / 1363. Relative to manufacturing firms, banks tend to have

39、 a (the) number of boardmembers.A) SameB) LargerC) SmallerD) UnknownE) None of the aboveAnswer: B64. The percentage of unit banks in the U.S. today is approximately:A) B) C) D) E)10%30%50%75%100%Answer: B65. The typical community bank has:A) $300 million in assets and is located in a smaller city in

40、 the Midwest.B) $25 billion in assets and is located in a large city in the EastC) $100 million in assets and is located in a large city the SouthD) $10 billion in assets and is located in a small city in the WestE) None of the above Answer: A66. The typical money center bank has:A) $250 million in

41、assets and is located in a smaller city in the MidwestB) $25 billion in assets and is located in a large city in the EastC) $100 million in assets and is located in a large city in the SouthD) $10 billion in assets and is located in a small city in the WestE) None of the aboveAnswer: B67. The majori

42、ty of banks today are:A) Federally charteredB) UninsuredC) State CharteredD) National BanksE) All of the aboveAnswer: C68. Member banks are:A) Members of the FDICB) National BanksC) Unit BanksD) Members of the Federal ReserveE) All of the aboveAnswer: D69. and banks tend to be larger and hold more o

43、f the publicdeposits.A) National and MemberB) State and NonmemberC) National and UninsuredD) State and InsuredE) None of the aboveAnswer: A70. Which of the following is a reason for the rapid growth in branch banks?A) Exodus of population from cities to suburban areasB) Bank convergenceC) Business f

44、ailuresD) Decreased costs of brick and mortarE) All of the aboveAnswer: A71. Under the Bank Holding Company Act control of a bank is assumed to exist only if: A) The bank holding company acquires 100% ofthe bank s stockB) The bank holding company acquires 50% or more of the bank s stockC) The bank h

45、olding company acquires 25% or more the bank s stockD) The bank holding company acquires three banksE) None of the aboveAnswer: C72. When a bank holding company acquires a nonbank business it must be approved by:A) The FDICB) The Comptroller of the CurrencyC) The Federal ReserveD) The President of t

46、he U.S.E) All of the aboveAnswer: C37/1373. Many financial experts believe that the customers most likely to be damaged by decreased competition include:A) Large corporations in large citiesB) Households and business in smaller cities and townsC) Households that earn more than a billion dollars a ye

47、arD) Students away at collegeE) None of the aboveAnswer: B74. According to Levonian and Rose in order to achieve some reduction in earnings risk, interstate banks must expand into at least:A) 2 statesB) 4 statesC) 6 statesD) 10 statesE) 25 statesAnswer: B75. The major competitors of banks have:A) Fewer but much larger service providersB) Fewer but smaller service providersC) More but smaller service providersD) More but larger service providersE) None of the aboveAnswer: A76. Of the following countries in Europe, which has the