商业银行管理彼得S罗斯英文原书第8版 英语试题库Chap002.docx

商业银行管理彼得S罗斯英文原书第8版 英语试题库Chap002.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Chap002

Chapter2

TheImpactofGovernmentPolicyandRegulationontheFinancial-ServicesIndustry

FillintheBlankQuestions

1.The_____________________wascreatedaspartoftheGlassSteagallAct.Inthebeginningitinsureddepositsupto$2,500.

Answer:

FDIC

2.The________________________isthelawthatstatesthatabankmustgetapprovedfromtheirregulatorybodyinordertocombinewithanotherbank.

Answer:

BankMergerAct

3.OnetoolthattheFederalReserveusestocontrolthemoneysupplyis_________________.TheFederalReservewillbuyandsellT-billswhentheyareusingthistoolofmonetarypolicy.

Answer:

openmarketoperations

4.The__________________________wascreatedin1913inresponsetoaseriesofeconomicdepressionsandfailures.Itsprincipalroleistoserveasthelenderoflastresortandtostabilizethefinancialmarkets.

Answer:

FederalReserve

5.The__________________________preventedbanksfromcrossingstatelinesandmadenationalbankssubjecttothebranchinglawsoftheirstate.ThisactwaslaterrepealedbytheRiegleNealInterstateBankinglaw.

Answer:

McFadden-PepperAct

6.BecausetheFDICleviesfixedinsurancepremiumsregardlessofrisk,thisleadstoaproblemcalledthe____________________amongbanks.Thefixedpremiumsencourageallbankstoacceptgreaterrisk.

Answer:

moralhazard

7.In1980,__________________________waspassedandliftedgovernmentceilingsondepositinterestratesinfavoroffreemarketinterestrates.

Answer:

DIDMCA

8.OnetoolthattheFederalReserveusestocontrolthemoneysupplyis_________________.TheFederalReservewillchangetheinterestratetheychargeforshorttermloanswhentheyareusingthistoolofmonetarypolicy.

Answer:

changingthediscountrate

9.ThefirstmajorfederalbankinglawintheU.S.wasthe__________________________.ThislawwaspassedduringtheCivilWarandsetupasystemforcharteringnationalbanksandcreatedtheOCC.

Answer:

NationalBankingAct

10.The_________________________waspassedduringtheGreatDepression.ItseparatedinvestmentandcommercialbanksandcreatedtheFDIC.

Answer:

Glass-SteagallAct

11.The__________________________broughtbankholdingcompaniesunderthejurisdictionoftheFederalReserve.

Answer:

BankHoldingCompanyAct

12.The__________________________allowsbankholdingcompaniestoacquirebanksanywhereintheUnitedStates.However,noonebankcancontrolmorethan30percentofthedepositsinanyonestateormorethan10percentofthedepositsacrossthecountry.

Answer:

Riegle-NealInterstateBankingAct

13.Theallowsbankstoaffiliatewithinsurancecompaniesandsecuritiesfirmseitherthroughaholdingcompanyorasasubsidiary.

Answer:

Gramm-Leach-BlileyAct（FinancialServicesModernizationAct）

14.Customersoffinancial-servicecompaniesmay_____________________ofhavingtheirprivateinformationsharedwithathirdpartysuchasatelemarketer.However,inordertodothistheymusttellthefinancial-servicescompanyinwritingthattheydonotwanttheirpersonalinformationsharedwithoutsideparties.

Answer:

optout

15.Thefederalbankregulatoryagencywhichexaminesthemostbanksisthe______________.

Answer:

FDIC

16.The_________________requiresfinancialservicecompaniestoreportsuspiciousactivityincustomeraccountstotheTreasuryDepartment.

Answer:

U.S.PatriotAct

17.ThecentralbankofthenewEuropeanUnionisknownasthe_______________________.

Answer:

EuropeanCentralBankorECB

18.The_____________________Actprohibitsbanksandotherpubliclyownedfirmsfrompublishingfalseormisleadingfinancialperformanceinformation.

Answer:

Sarbanes-Oxley

19.OneofthemainrolesoftheFederalReservetodayis.Theyhavethreetoolsthattheyusetodaytocarryoutthisrole;openmarketoperations,thediscountrateandlegalreserverequirements.

Answer:

monetarypolicy

20.TheisthecenterofauthorityanddecisionmakingwithintheFederalReserve.Itconsistsofsevenmembersappointedbythepresidentfortermsnotexceeding14years.

Answer:

BoardofGovernors

21.Themainregulatorsofinsurancecompaniesare.

Answer:

stateinsurancecommissions

22.FederalCreditUnionsareregulatedandexaminedby.

Answer:

theNationalCreditUnionAdministration.

23.Themakesiteasierforvictimsofidentitythefttofilefraudalertsandallowsthepublictoapplyforafreecreditreportonceayear.

Answer:

FairandAccurateCreditTransactionsAct（FACTAct）

24.Themakesitfasterandlesscostlyforbankstoclearchecks.Itallowsforbankstoelectronicallysendcheckimagesinsteadofshippingpaperchecksacrossthecountry.

Answer:

Check21Act

25.ThewascreatedbytheNationalBankingActandispartoftheTreasuryDepartment.ItistheprimaryregulatorofNationalBanks.

Answer:

OfficeoftheComptrolleroftheCurrency（OCC）

26.The_________________________proposesvariousregulationsapplyingtothefinancialmarketstocombattherecentcreditcrisis.This“bail-out”billgrantedtheUSTreasurythemeanstopurchasetroubledloans,allowedtheFDICtotemporarilyincreasedepositinsurance,andpermittedthegovernmenttoinjectadditionalcapitalintothebankingsystem.

Answer:

TheEmergencyEconomicStabilizationActof2008

True/FalseQuestions

TF27.FederalReserveActauthorizedthecreationoftheFederalDepositInsuranceCorporation.

Answer:

False

TF28.IntheUnitedStates,fixedfeeschargedfordepositinsurance,regardlessofhowriskyabankis,ledtoaproblemknownasmoralhazard.

Answer:

True

TF28.Government-sponsoreddepositinsurancetypicallyencouragesindividualdepositorstomonitortheirbanks'behaviorinacceptingrisk.

Answer:

False

TF29.TheFederalReservechangesreserverequirementsfrequentlybecausetheaffectofthesechangesissosmall.

Answer:

False

TF30.TheBankMergerActanditsamendmentsrequiresthatBankHoldingCompaniesbeunderthejurisdictionoftheFederalReserve.

Answer:

False

TF31.NationalbankscannotmergewithoutthepriorapprovaloftheComptrolleroftheCurrency.

Answer:

True

TF32.TheTruthinLending（orConsumerCreditProtection）ActwaspassedbytheU.S.Congresstooutlawdiscriminationinprovidingbankservicestothepublic.

Answer:

False

TF33.Thefederallawthatstatesindividualsandfamiliescannotbedeniedaloanmerelybecauseoftheirage,sex,race,nationaloriginorreligiousaffiliationisknownastheCompetitiveEqualityinBankingAct.

Answer:

False

TF34.Underthetermsofthe1994Riegle-NealInterstateBankinglawbankholdingcompaniescanacquireabankanywhereinsidetheUnitedStates,subjecttoFederalReserveBoardapproval.

Answer:

True

TF35.The1994federalinterstatebankingbilldoesnotlimitthepercentageofstatewideornationwidedepositsthataninterstatebankingfirmisallowedtocontrol.

Answer:

False

TF36.Theterm"regulatorydialectic"referstothedualsystemofbankingregulationintheUnitedStatesandselectedothercountrieswhereboththefederalorcentralgovernmentandlocalgovernmentsregulatebanks.

Answer:

False

TF37.Themoralhazardproblemofbanksiscausedbythefixedinsurancepremiumspaidbybanksandcausesbankstoacceptgreaterrisk.

Answer:

True

TF38.WhentheFederalReservebuysT-billsthroughitsopenmarketoperations,itcausesthegrowthofbankdepositsandloanstodecrease.

Answer:

False

TF39.WhentheFederalReserveincreasesthediscountrateitgenerallycausesotherinterestratestodecrease.

Answer:

False

TF40.TheNationalBankAct（1863）createdtheFederalReservewhichactsasthelenderoflastresort.

Answer:

False

TF41.FIRREA（1989）allowedbankholdingcompaniestoacquirenonblankdepositoryinstitutionsand,ifdesired,convertthemintobranchoffices.

Answer:

True

TF42.TheSarbanes-OxleyActallowsbanks,insurancecompanies,andsecuritiesfirmstoformFinancialHoldingCompanies（FHCs）.

Answer:

False

TF43.TheGramm-Leach-BlileyActof1999essentiallyrepealstheGlass-SteagallActpassedinthe1930s.

Answer:

True

TF44.Passedin1977,theEqualCreditOpportunityActprohibitsbanksfromdiscriminatingagainstcustomersmerelyonthebasisoftheneighborhoodinwhichtheylive.

Answer:

False

TF45.ThetoolusedbytheFederalReserveSystemtoinfluencetheeconomyandbehaviorofbanksisknownasmoralhazard.

Answer:

False

TF46.Oneoftheprincipalreasonsforgovernmentregulationoffinancialfirmsistoprotectthesafetyandsoundnessofthefinancialsystem.

Answer:

True

MultipleChoiceQuestions

47.Banksareregulatedforwhichofthereasonslistedbelow?

A）Banksareleadingrepositoriesofthepublic'ssavings.

B）Bankshavethepowertocreatemoney.

C）Banksprovidebusinessesandindividualswithloansthatsupportconsumptionandinvestmentspending.

D）Banksassistgovernmentsinconductingeconomicpolicy,collectingtaxesanddispensinggovernmentpayments.

E）Alloftheabove.

Answer:

E

48.Aninstitutionalarrangementinwhichfederalandstateauthoritiesbothhavesignificantbankregulatorypowersisreferredtoas:

A）BalanceofPower

B）Federalism

C）DualBankingSystem

D）CooperativeRegulation

E）CoordinatedControl

Answer:

C

49.Thelawthatsetupthefederalbankingsystemandprovidedforthecharteringofnationalbanks

wasthe:

A）NationalBankAct

B）