金融市场与机的构Madura第九版题库ch21Word文件下载.docx
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4.Savingsinstitutionsusemostoftheirfundsfor______.
Commercialbanksusemostoftheirfundsfor______.
A）mortgages;
mortgages
B）mortgages;
businessloansandcommercialrealestateloans
C）businessloans;
commercialrealestateloansandmortgages
D）commercialrealestateloansandmortgages;
businessloans
ANSWER:
B
5.Federally-charteredsavingsinstitutionsareregulatedbythe
A）SecuritiesandExchangeCommission（SEC）.
B）FederalReserve.
C）OfficeofThriftSupervision（OTS）.
D）ComptrolleroftheCurrency.
C
6.Savingsinstitutionsobtainmostoftheirfundsfrom
A）savingsandtimedeposits.
B）loans.
C）mortgages.
D）repurchaseagreements.
7.Whensavingsinstitutionsareunabletoattractsufficientdeposits,theycan
A）borrowinthefederalfundsmarket.
B）borrowfromtheFederalReserve.
C）borrowthrougharepurchaseagreement.
D）alloftheabove
8.ThecapitalofSIsisprimarilycomposedofretainedearningsandfundsobtainedfromissuingstock.
A）True
B）False
9.Ifdepositsmovemoneyfromtheircheckingaccounttoshort-termCDs,thiswould______theratesensitivityofthesavingsinstitution’sliabilitiestointerestratemovements.
A）increase
B）havenoeffecton
C）decrease
D）AorC,dependingonthesizeofthesavingsinstitution
10.______aretheprimaryassetofsavingsinstitutions.
A）Mortgages
B）Cashbalances
C）Investmentsecurities
D）Businessloans
A
11.Savingsinstitutionsthatreducetheiramountof_______willbestreducetheirexposuretointerestraterisk.
A）fixedratemortgages
B）consumerloans
C）commercialloans
D）shorttermsecurities
12.Forsavingsinstitutionsinaggregate,_______arethemainasset.
A）investmentsecurities
B）mortgages
D）creditcardloans
13.Whichofthefollowingisnotanassetofsavingsinstitutions?
A）loans
B）mortgages
C）NOWaccounts
D）mortgage-backedsecurities
C
14.MostmortgagesoriginatedbySIsarefor
A）commercialbuildings.
B）landforcommercialpurposes.
C）single-familyhomesormultifamilydwellings.
D）noneoftheabove.
15.Ifasavingsinstitutions’assetshaveconsiderablylongerdurationthanitsliabilities,itcanreduceitsexposuretointerestrateriskby
A）reducingitsproportionofassetsintheshortdurationcategories.
B）increasingitsproportionofliabilitiesintheshortdurationcategories.
C）increasingitsproportionofliabilitiesinthelongdurationcategory.
D）AandB
16.Adjustableratemortgages______ofrisinginterestratesonatypicalsavingsinstitution’sspread.
They______ofdeclininginterestratesonthespread.
A）reducetheadverseimpact;
reducethefavorableimpact
B）reducetheadverseimpact;
increasethefavorableimpact
C）increasetheadverseimpact;
D）increasetheadverseimpact;
17.Tomeasure___________risk,someSIsmeasurethedurationoftheirrespectiveassetsandliabilities.
A）credit
B）interestrate
C）liquidity
D）noneoftheabove
18.Acontractthatallowsforthepurchaseofaspecifieddebtsecurityforaspecifiedpriceatafuturepointintimeisknownasa（n）
A）interestratefuturescontract.
B）interestrateswapcontract.
C）interestcapcontract.
D）securityswapcontract.
19.Whenasavingsinstitutionusesinterestrateswapstohedgeinterestraterisk,itwouldlikelyexchange______outflowsfor______inflows.
A）variablerate;
fixedrate
B）variablerate;
variablerate
C）fixedrate;
D）fixedrate;
20.Aninterestrateswapreducesthefavorableimpactofdeclininginterestrates.
21.Asavingsinstitutionownedbyitsdepositorsisa______savingsinstitution.
A）mutual
B）stock
C）credit
D）closed-end
22.Whichofthefollowingwasnotamajorreasonforthesavingsinstitutioncrisis?
A）alargeproportionofloanlossesonrealestateloans
B）alargeproportionofloanlossesonloansbySIstoless-developedcountries
C）fraud
D）illiquidity
E）increasedinterestexpenses
23.TheFinancialInstitutionsReform,Recovery,andEnforcementAct（FIRREA）prohibited
A）S&
Lsfrommerging.
B）commercialbanksfromacquiringS&
Ls.
C）S&
Lsfrominvestinginjunkbonds.
D）S&
Lsfrommakingloanstoforeigngovernments.
24.Theriskthatacreditunionwillexperienceanunanticipatedwaveofwithdrawalswithoutan
offsettingamountofnewdepositsis______________risk.
A）credit（default）
B）interestrate
C）liquidity
D）exchangerate
E）noneoftheabove
25.Moneymarketdepositaccounts（MMDAs）represent
A）trustaccountsmanagedbysavingsinstitutions.
B）checkingaccountsthatdonotpayinterest.
C）accountsofferedprimarilybymoneymarketfunds.
D）depositaccountsofferinglimitedcheckingandclose-to-marketinterestrates.
D
26.Savingsinstitutions__________allowedtoborrowfundsinthefederalfundsmarket;
savingsinstitutions__________allowedtoborrowfundsfromtheFederalReserve.
A）are;
are
B）are;
arenot
C）arenot;
D）arenot;
27.Savingsinstitutionscommonly__________toreducetheirrisk.
A）purchasefuturescontractsonstockindexes
B）purchasefuturescontractsontreasurybonds
C）sellfuturescontractsonstockindexes
D）sellfuturescontractsontreasurybonds
28.Stock-ownedsavingsinstitutions_____susceptibletounfriendlytakeovers.Mutualsavingsinstitutions_______susceptibletounfriendlytakeovers.
29.Mostoftheassetsofsavingsinstitutions（SIs）areownedbySIsinthe____assetsizecategory.
A）lessthan$100million
B）morethan$1billion
C）between$100millionand$300million
D）between$300millionand$1billion
30.Toobtainfunds,savingsinstitutionscommonlyissuesecuritiesthatarebackedby
A）equity.
B）debt.
C）mortgages.
D）cash.
E）noneoftheabove
31.______________riskisprobablytheleastconcernforsavingsinstitutions.
A）Liquidity
B）Exchangerate
C）Credit
D）Interestrate
32.Althoughadjustable-ratemortgagesreducetheadverseimpactof____________interestrates,theyalsoreducethefavorableimpactof______________interestrates.
A）rising;
rising
B）declining;
declining
C）rising;
D）declining;
33.AnSI’scashflowsare______________relatedtointerestratemovements.
A）positivelyrelatedto
B）negativelyrelatedto
C）unrelatedto
D）noneoftheabove
34.Theprimaryuseofcreditunionfundsis
A）loanstocreditunionmembers.
B）thepurchaseofgovernmentsecurities.
C）thepurchaseofagencysecurities.
D）thepurchaseofcorporatebonds.
35.______arenonprofitorganizationscomposedofmemberswithacommonbond.
A）Creditunions
B）Savingsbanks
C）Savingsandloanassociations
D）Commercialbanks
36.Becausecreditunions______stock,theyaretechnicallyownedbythe______.
A）issue;
depositors
B）donotissue;
C）issue;
stockholders
D）donotissue;
management
37.Creditunionsobtainmostoftheirfundsfrom
A）issuingcommonstock.
B）retainedearnings.
C）sharedepositsbymembers.
D）issuinglongtermbonds.
38.Checkableaccountsofferedbycreditunionsarecalled
A）NOWaccounts.
B）moneymarketdepositaccounts.
C）sharecertificates.
D）sharedrafts.
39.The______actsasatemporarylendertocreditunions.
A）WorldBank
B）CentralLiquidityFacility
C）FederalHomeLoanBank
D）NationalCreditUnionAdministration
40.Thesensitivityofcostoffundstointerestratemovementshasbeen
A）greaterforcreditunionsthansavingsinstitutions.
B）greaterforcreditunionsthancommercialbanks.
C）lowerforcreditunionsthanforsavingsinstitutionsorcommercialbanks.
D）similarforcreditunionsassavingsinstitutionsandcommercialbanks.
41.Creditunionsusethemajorityoftheirfundsto
A）purchaseinvestmentsecurities.
B）providecommercialrealestateloans.
C）providesmallbusinessloanstomembers.
D）provideconsumerloanstomembers.
42.Ifcreditunionmembershaveaparticularaffiliationwiththeiremployersandlargelayoffsoccur,
thecreditunion’sexposureto___________riskmayincrease.
A）settlement
D）noneofthea
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