Exam 11: Banking Industry: Structure and Competition

Prior to 2008,the bank's cost of holding reserves equaled

The McFadden Act of 1927

Automated teller machines (ATMs)are available for 24 hour a day use and can be placed in locations other than banks. These machines make banking

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

A(n)________ is a subsidiary of a U.S. bank that is engaged primarily in international banking.

The business term for economies of scope is

Mutual savings banks are primarily regulated by

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

Before 1863

Loophole mining refers to financial innovation designed to

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

Which of the following is a TRUE statement concerning bank holding companies?

________ within the U.S. can make loans to foreigners but cannot make loans to domestic residents.

The Second Bank of the United States was denied a new charter by

Financial innovations that grew out of the bank branching restrictions were

________ are the only depository institutions that are tax-exempt.

Discuss three ways in which U.S. banks can become involved in international banking.

The experience of disintermediation in the banking industry illustrates that

Bank holding companies that rival money center banks in size,but are not located in money center cities are

The primary reason for the recent reduction in the number of banks is