Exam 12: Banking Industry: Structure and Competition

Adjustable rate mortgages

The Glass-Steagall Act,before its repeal in 1999,prohibited commercial banks from

Unlike banks,________ have been allowed to branch statewide since 1980.

Credit cards date back to

Reasons for holding Eurodollars include

Since the passage of the International Banking Act of 1978,the competitive advantage enjoyed by foreign banks in the U.S.has been

Which regulatory body charters national banks?

The FHLBS gives loans to S&Ls and thus performs a function similar to the ________ for commercial banks.

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

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

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

Sweep accounts

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

The regulatory agency responsible for supervising savings and loans institutions is the

Since 1980

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

Bank consolidation will likely result in

The business term for economies of scope is

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

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