Exam 10: Banking Industry: Structure and Competition

Financial innovations occur because of financial institutions search for ________.

Trust and mortgage loan companies are usually ________.

A firm issuing credit cards earns income from ________.

Rising interest-rate risk ________.

Bank customers perceive Internet banks as being ________.

The large number of banks in the United States is an indication of ________.

One factor contributing to the decline in cost advantages that banks once had is the ________.

So-called fallen angels differ from junk bonds in that ________.

The Bank Act Reform took effect in ________.

Bank consolidation will likely result in ________.

One advantage of the holding company form of corporate ownership is that ________.

The driving force behind the securitization of mortgages and automobile loans has been ________.

The 2001 Bank Act Reform legislation provides ________.

In this type of arrangement, any balances above a certain amount in a corporation's chequing account at the end of the business day are "removed" and invested in overnight securities that pay the corporation interest. This innovation is referred to as a ________.

Deposits in European banks denominated in dollars for the purpose of international transactions are known as ________.

Reasons for holding Eurodollars include ________.

What are the adjustable-rate mortgages?

Foreign banks may enter the Canadian financial services industry ________ as a ________ bank(s).

The process of transforming otherwise illiquid financial assets into marketable capital market instruments is known as ________.

Credit cards date back to ________.