商业银行管理彼得S.罗斯英文原书第8版-英语试题库Chap011Word文档下载推荐.doc

商业银行管理彼得S.罗斯英文原书第8版-英语试题库Chap011Word文档下载推荐.doc

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Purchased（borrowed）liquidity

4. The_________________________isthetotaldifferencebetweenitssourcesandusesoffunds.

liquiditygap

5. _________________________arethedepositsandotherborrowingsofthebankwhichareveryinterestsensitiveorwherethebankissuretheywillbewithdrawnduringthecurrentperiod.

"

Hotmoney"

liabilities

6. The_________________________istheideathatmanagementshouldmakeallgoodloansandcountonitsabilitytoborrowfundsifitdoesnothavetheliquiditytomeetitscashneeds.

customerrelationshipdoctrine

7. _________________________aretheassetsthebankmustbylawholdbehinditsdeposits.IntheU.S.onlyvaultcashanddepositsheldwiththeFederalReservescanbeusedtomeettheserequirements.

Legalreserves

8. A（n）_________________________istheaccountthebankmusthaveattheFederalReservetocoveranychecksdrawnagainstthebank.

clearingbalance

9. A（n）_________________________isaservicedevelopedbybankswherethebankshiftsmoneyoutofaccountswithreserverequirementsandintosavingsaccountsovernight.

sweepsaccount

10. The_________________________isa14dayperiodstretchingfromaThursdaytoaWednesday.Thisistheperiodinwhichthebankhastokeeptheiraveragedailylevelofrequiredreservesforaparticularcomputationperiod.

reservemaintenanceperiod

11. _________________________istheavailabilityofcashintheamountneededatareasonablecost.

Liquidity

12. Theoldestapproachtomeetingliquidityneedswhichreliesonthesaleofliquidassetstomeetliquiditydemandsiscalled_________________________.

assetliquiditymanagement

13. Undera_________________________strategysomeoftheexpecteddemandsforliquidityarestoredinassets,whileothersarebackstoppedbyarrangementsforlinesofcreditfrombanksorothersuppliersoffunds.

balancedliquiditymanagement

14. A（n）_________________________isthepersoninthebankresponsibleforthebank'

scashpositionandmeetinglegalreserverequirements.

moneypositionmanager

15. ThemethodusedintheU.S.todetermineabank'

slegalreserverequirementinwhichtheperiodforholdinglegalreservesfollowstheperiodusedtocalculatetherequiredamountoflegalreservesiscalled_________________________.

laggedreserveaccounting

16. Thefedfundsrateisgenerallymostvolatileonbank__________day.

settlement

17. Manydepositoryinstitutionshold__________balances（extrareserves）tohelppreventoverdraftpenalties.

precautionary

18. Notall_______banksaroundtheworldhavereserverequirements.

central

19.Forseveraldecades,thelargestbanksaroundtheworldhavechosenwhichcallsforborrowingimmediatelyspendablefundstocoverallanticipateddemandsforliquidity.

liabilitymanagement

20.Theapproachtomanagingliquiditystartswithtwosimplefacts,liquidityrisesasdepositsincreaseandloansdecreaseandliquidityfallswhendepositsfallandloansincrease.

sourcesandusesoffunds

21.Intheapproachtomanagingliquiditydepositsandothersourcesoffundsaredividedintocategoriesandthenliquiditymanagersmustsetasideliquidfundsaccordingtosomedesiredoperatingrule.

structureoffunds

22.Manyfinancialserviceinstitutionsestimatetheirliquidityneedsbaseduponexperienceandindustryaverages.Thisapproachtomanagingliquidityiscalledtheapproach.

liquidityindicator

23.Manyanalystsbelievethereisonlyonesoundmethodforassessingafinancialinstitution’sliquidityneeds.Thismethodcenterson.

disciplineofthefinancialmarketplace（signalsfromthemarketplace）

24.ThefordepositsandotherreservableliabilitiesandforvaultcashholdingsisatwoweekperiodextendingfromTuesdaytoaMondaytwoweekslater.

reservecomputationperiod

25.Iftotallegalreservesheldaregreaterthanrequiredreservesthebankhas.

excessreserves

26.Iftotallegalreservesheldarelessthanrequiredreservesthebankhas.

areservedeficit

27.Theiswhereamoneypositionmanagercancoveralargereservedeficitquickly.Itisusuallyoneofthecheapestplacestoborrowbutisalsofrequentlyvolatile.

federalfundsmarket

28.Oneoftheratiosusedintheliquidityindicatorapproachtomanagingafinancialinstitution’sliquidityneedsis.Thisratioiscashandduefromdepositoryinstitutionsdividedbytotalassetswhereagreaterratioindicatesastrongerliquidityposition.

cashpositionindicator

True/FalseQuestions

T F 29. Liquidassetsmusthaveareasonablystablepricesothatthemarketisdeepenoughtoabsorbthesalewithoutasignificantlossofvalue.

True

T F 30. Assetliquiditymanagement（orassetconversion）involvesstoringliquidityinassets,suchasdepositsandjumboCDs.

False

TF31. Assetliquiditymanagement（orassetconversion）involvesstoringliquidityinassets,suchascashandmarketablesecurities.

T F 32. Liquidassetsgenerallyhaveastablepricebutarenotnecessarilyreversible.

False

T F 33. Assetconversionisconsideredtobeacostlessapproachtoliquiditymanagement.

T F 34. Oneprincipleofsoundbankliquiditymanagementistobesuretosellfirstthoseassetswiththeleastprofitpotential.

T F 35. Borrowedliquidity（liability）managementislessriskyforafinancialinstitutionthanisassetconversion.

T F 36. Afinancialinstitution'

sliquiditygaprepresentsthedifferencebetweenitssourcesandusesofliquidfunds.

T F 37. Abankexpectstoloseits"

hotmoney"

liabilities,accordingtothetextbook.

T F 38. Accordingtothecustomerrelationshipdoctrineabankshouldturndownanyloanrequestsforwhichitdoesnothaveenoughdepositsonhandbutshouldhelpitsborrowingcustomerobtainfundsfromsomeothersource（suchasbyissuingaletterofcredittobackstopthecustomer'

sloanfromanotherlender）.

T F 39. AU.S.bankcanrunuptoa5-percentdeficitinitslegalreserverequirementwithoutincurringaninterestpenaltyfromtheFederalReserveSystem.

T F 40. Mostliquidityproblemsinbankingarisefrominsideabank,notfromitscustomers.

T F 41. HoldingsofliquidassetsatU.S.bankshaveexperiencedagradualdeclineinrecentyears.

T F 42. TheFederalReservehasbeenloweringdepositreserverequirementsinrecentyears.

T F 43. Theliquidityindicator,coredepositsdividedbytotalassets,isameasureofstoredliquidity.

T F 44. Abank'

smoneypositionmanagerisresponsibleforinsuringthatthebankmaintainsanadequateleveloflegalreserves.

T F 45. IfabankintheUnitedStatesrunsalegalreservedeficitofmorethan2percentofitsrequireddailyaveragelegalreservepositionitwillbeassessedaninterestpenaltyequaltotheFederalReserve'

sdiscountrateplus5percent.

T F 46. Ifabankreceivesmorechecksdepositedtotheaccountsitholdsthanchecksdrawnagainstitsdepositaccounts,thebank'

slegalreserveswilltendtoincrease.

T F 47. Accordingtothetextbookifabank'

sliquiditydeficitisexpectedtolastforonlyafewhours,thefederalfundsmarketorthecentralbank'

sdiscountwindowisnormallythepreferredsourceoffunds.

T F 48. Banksmakingheavyuseofborrowedsourcesofliquiditymustwrestlewiththeproblemofinterestcostuncertainty,accordingtothetextbook.

T F 49. Allcentralbanksimposereserverequirementsonthebankstheyregulate.

T F 50. Thesourcesandusesoffundsmethodofestimatingabank'

sliquidityrequirementsdividesthebank'

sliabilitiesintothreetypes（hotmoney,vulnerablefundsandstablefunds）andestimatestheprobabilityofeachbeingwithdrawnfromthebank.

T F 51. Oneoftheproblemswithliquiditymanagementforabankisthatrarelydoesthedemandforfundsequ