Exam 11: Banking Industry: Structure and Competition

Under the Gramm-Leach-Bliley Act states retain regulatory authority over

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

The McFadden Act of 1927

An essential characteristic of credit unions is that

The U.S.banking system is considered to be a dual system because

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

The most important developments that reduced banks cost advantages include

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

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

Since 1974,commercial banks importance as a source of funds for nonfinancial borrowers

Although the National Bank Act of 1863 was designed to eliminate state-chartered banks by imposing a prohibitive tax on banknotes,state banks were able to stay in business by

According to Edward Kane,because the banking industry is one of the most ________ industries in America,it is an industry in which ________ is especially likely to occur.

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

If a foreign bank operates a subsidiary bank in the U.S.,the subsidiary bank is

State banking authorities have sole jurisdiction over state banks

The Federal Reserve Act of 1913 required that

With the creation of the Federal Deposit Insurance Corporation,member banks of the Federal Reserve System ________ to purchase FDIC insurance for their depositors,while non-member commercial banks ________ to buy deposit insurance.

Bank consolidation will likely result in

The experience of disintermediation in the banking industry illustrates that

Because of securitization,a new class of residential mortgages offered to borrowers with less-than-stellar credit records developed.These mortgages are known as