Exam 12: Banking Industry: Structure and Competition

Financial innovations occur because of financial institutions search for

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

ATMs were developed because of breakthroughs in technology and as a

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

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

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

A firm issuing credit cards earns income from

Prior to 1863,all commercial banks in the United States

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

Uncertainty about interest-rate movements and returns is called

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

Rising interest-rate risk

A financial innovation that developed as a result of banks avoidance of bank branching restrictions was

The Federal Reserve Act required all ________ banks to become members of the Federal Reserve System,while ________ banks could choose to become members of the system.

The legislation overturning the Glass-Steagall Act is

The presence of so many commercial banks in the United States is most likely the result of

The main center of the Eurodollar market is

The most important developments that have reduced banks cost advantages in the past thirty years include:

A debit card differs from a credit card in that

Adjustable rate mortgages