Exam 11: Banking Industry: Structure and Competition

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

Experts predict that the future structure of the banking industry will have ________.

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

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

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

As the banking system in Canada evolves, it is expected that ________.

Loophole mining refers to financial innovation designed to ________.

Prior to 2008, bank managers in the U.S. looked on reserve requirements ________.

An essential characteristic of credit unions is that ________.

The separation of the banking and other financial services industries was known as ________.

Near banks are defined as ________.

In a ________ banking system, commercial banks provide a full range of banking, securities, and insurance services, all within a single legal entity.

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

Banks have attempted to maintain adequate profit levels by ________.

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

Financial innovation has caused ________.

The 2001 Bank Act Reform legislation provides ________.

Money market mutual funds ________.

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

The entry of GM and Walmart into the credit card business is an indication of ________.