商业银行管理彼得S.罗斯英文原书第8版-英语试题库Chap003

TestBank,Chapter328Chapter3TheOrganizationandStructureofBankingandtheFinancial-ServicesIndustryFillintheBlankQuestions1.A(n)___________________isamachinelocatedatthemerchant'splaceofbusinesswhichallowsdepositorstousetheirdebitcardtopayforpurchasesdirectly.Answer:POS2.A(n)_____________________isabankwhichoffersitsfullrangeofservicesfromseverallocations.Answer:branchbank3.A(n)_____________________isabankwhichoffersitsfullrangeofservicesfromonlyonelocation.Answer:unitbank4.A(n)________________________isacorporationcharteredfortheexpresspurposeofholdingthestockofoneormorebanks.Answer:BankHoldingCompany5.Managerswhovaluefringebenefits,plushofficesandampletravelbudgetsoverthepursuitofmaximumreturnsforstockholdersareexhibitingsignsof__________________________.Answer:ExpensePreferenceBehavior6.A(n)__________________________caninvestincorporatestockassellasloanmoneytohelpfinancethestartofnewventuresorsupporttheexpansionofexistingbusinesses.Answer:Merchantbank7.Abankwhichoperatesexclusivelyovertheinternetisknownasa___________bank.Answer:Virtual8.Onenew21stcenturybankorganizationalstructuresis_____________________.Thisisaspecialtypeofholdingcompanythatmayofferthebroadestrangeoffinancialservices.Answer:FinancialHoldingCompany(FHC)Rose/Hudgins,BankManagementandFinancialServices,8/e299.Thekeyprobleminalargemoneycenterbankis.Managersmaybeknowledgeableaboutbankingpracticesbutmaybelessinformedaboutproductsandservicesofsubsidiarycompanies.Answer:spanofcontrol10.TheGramm-Leach-BlileyActmovedtheU.S.bankingindustryclosertobankinginwhichbanksmayprovidesecurities,insurance,andotherfinancialproducts.Answer:universal11.Abankthatisnotassociatedwithabankholdingcompanyiscalleda(n)bank.Answer:independent12.isaviewofhowmoderncorporationsoperatewhichanalyzestherelationshipbetweenafirm’sownersanditsmanagers.Answer:Agencytheory13.Manyexpertsbelievethat,therelationshipsthatexistbetweenmanagers,theboardofdirectorsandstockholders,ismorecomplicatedinfinancialinstitutions.Answer:Becauseofgovernmentregulations.14.istheideathattherewillbealowercostofproductionperunitasthefirmgetslarger.Answer:Economiesofscale15.istheideathattherewillbelowercostofproducingmultipleservicesusingthesameorganizationandresources.Answer:Economiesofscope16.Overtheyears,managersofbanksandotherfinancialinstitutionshaveevolveddifferentorganizationalformstoaddresschangesintheindustry.Indeed,thesefirmsareorganizedtocarryoutvariousrolesinthemostefficientway.Thisisreferredtoas_________________________.Answer:OrganizationalformfollowsfunctionTrue/FalseQuestionsTF17.Banksizeisnotconsideredasignificantfactorindetermininghowbanksareorganized.Answer:FalseTF18.NearlythreequartersofallU.S.banksexceed$100millioninassetsizeapiece.Answer:FalseTestBank,Chapter330TF19.NearlyallU.S.bankswithfederalorstatechartershavetheirdepositsinsuredbytheFederalDepositInsuranceCorporation.Answer:TrueTF20.State-charteredbanksintheUnitedStatesrepresentaboutaquarterofallU.S.-charteredbanks,whilenationalbanksaccountforapproximatelythreequartersofallU.S.charteredbanks.Answer:FalseTF21.ThemajorityofallU.S.banksaremembersoftheFederalReserveSystem.Answer:FalseTF22.Abankingcorporationcharteredbyeitherfederalorstategovernmentsthatoperatesonlyonefull-serviceofficeiscalledaunitbank.Answer:TrueTF23.OverhalfofallU.S.statestodaylimitbranchingactivity.Answer:FalseTF24.TheaverageU.S.bankislargerinsize(intermsofnumberofbranchoffices)thantheaverageCanadianbank.Answer:FalseTF25.DespitetherapidgrowthofautomationinU.S.banking,therearemorefull-servicebranchbankingofficesthanautomatedtellermachinesacrossthewholeU.S.Answer:FalseTF26.IntheUnitedStatestherearemoreone-bankholdingcompaniesthanmulti-bankholdingcompanies.Answer:TrueTF27.Bankholdingcompaniesholdmorethan90percentoftheindustry’sassetsintheUnitedStates.Answer:TrueTF28.Researchevidencesuggeststhatbankstakenoverbyinterstatebankingorganizationshavegenerallyincreasedtheirmarketsharesovertheircompetitorswithinthesamestateandgenerallyaremoreprofitablethantheircompetitors.Answer:FalseRose/Hudgins,BankManagementandFinancialServices,8/e31TF29.Theconcentrationofbankdepositsatthelocallevel(thatisinurbancommunitiesandruralcounties)hasdisplayedonlymoderatechangesinrecentyears.Answer:TrueTF30.Thereisevidencethatbranchbankschargehigherfeesforsomebankingservicesthandounitbanks.Answer:TrueTF31.Branchbankstendtoofferawidermenuofservicesthanunitbanks.Answer:FalseTF32.Recentresearchsuggeststhatbranchbankstendtobemoreprofitablethaneitherunitorholdingcompanybanks,whileinterstatebankstendtobethemostprofitableofall.Answer:FalseTF33.Lessthan10percentofthelargestbanksintheU.S.controlalmost90percentoftheindustryassets.Answer:TrueTF34.Agencytheorysuggeststhatbankmanagementwillalwayspursuethegoalofmaximizingthereturnofthebank'sshareholders.Answer:FalseTF35.RecentresearchsuggeststhattherelationshipbetweenbanksizeandthecostofproductionperunitisroughlyUshaped.Answer:TrueTF36.Bankholdingcompaniesthatwanttoachievethegoalofriskreductioninearningsriskthroughinterstatebankingcanachievethesamelevelofriskreduc