Exam 11: Banking Industry: Structure and Competition

The government institution that has responsibility for the amount of money and credit supplied in the economy as a whole is the

The declining cost of computer technology has made ________ a reality.

What financial innovations helped banks to get around the bank branching restrictions of the McFadden Act?

The most significant change in the economic environment that changed the demand for financial products in recent years has been

The spectacular growth in international banking can be explained by

The main center of the Eurodollar market is

In the 1950s the interest rate on three-month Treasury bills fluctuated between 1 percent and 3.5 percent;in the 1980s it fluctuated between ________ percent and ________ percent.

________ is creating a marketable capital market instrument by bundling a portfolio of mortgage or auto loans.

U)S. banks have most of their branches in

Sweep accounts which were created to avoid reserve requirements became possible because of a change in

Which regulatory body charters national banks?

An essential characteristic of credit unions is that

The agreement to provide a standardized commodity to a buyer on a specific date at a specific future price is

A debit card differs from a credit card in that

________ of a foreign bank operates in the U.S. but cannot accept deposits from domestic residents.

Credit cards date back to

The development of money market mutual funds contributed to the growth of ________ since the money market mutual funds need to hold liquid,high-quality,short-terms assets.

Thrift institutions include

The most important source of the changes in supply conditions that stimulate financial innovation has been the

Reasons for holding Eurodollars include