Exam 12: Banking Industry: Structure and Competition

To eliminate the abuses of the state-chartered banks,the ________ created a new banking system of federally chartered banks,supervised by the ________.

Automated teller machines

Which bank regulatory agency has the sole regulatory authority over bank holding companies?

The regulatory agency responsible for supervising savings and loans institutions is the

ATMs were developed because of breakthroughs in technology and as a

An instrument developed to help investors and institutions hedge interest-rate risk is

U.S.banks have most of their branches in

A major controversy involving the banking industry in its early years was

Money market mutual funds

With the creation of the Federal Deposit Insurance Corporation,

Financial innovations that grew out of the bank branching restrictions were

Thrift institutions include

Bank customers perceive Internet banks as being

The presence of so many commercial banks in the United States is most likely the result of

Although it has a population about half that of the United States,Japan has

Probably the most significant factor explaining the drastic drop in the number of bank failures since the Great Depression has been

The Federal Reserve Act of 1913 required that

A debit card differs from a credit card in that

Because of the abuses by state banks and the clear need for a central bank to help the federal government raise funds during the War of 1812,Congress created the

A financial innovation that developed as a result of banks avoidance of bank branching restrictions was