Exam 11: Banking Industry: Structure and Competition

Prior to 1980,the Fed set an interest rate ________,a maximum limit,on the interest rate that could be paid on time deposits.

So-called fallen angels differ from junk bonds in that

One of the concerns of increased bank consolidation is the reduction in community banks which could result in

Eurodollars are

In order to compete with changing market conditions in the 1980s,banks supported legislation to remove interest rate ceilings and to allow banks to pay interest on checking accounts. These actions

Lack of competition in the United States banking industry can be attributed to

The ability to use one resource to provide different products and services is

Rising interest-rate risk

New computer technology has

State banks that are not members of the Federal Reserve System are most likely to be examined by the

Like the dual banking system for commercial banks,thrifts can have either ________ or ________ charters.

Under the Gramm-Leach-Bliley Act the oversight of the securities activities of bank holding companies belongs to

Automated teller machines

Critics of nationwide banking fear

Today the United States has a dual banking system in which banks supervised by the ________ and by the ________ operate side by side.

Both ________ and ________ were financial innovations that occurred because of interest rate volatility.

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

Currency circulated by banks that could be redeemed for gold was called