Exam 12: Banking Industry: Structure and Competition

What financial innovations helped banks to get around the bank branching restrictions of the McFadden Act?

In the 1950s the interest rate on three-month Treasury bills fluctuated between 1 percent and 3.5 percent; in the 1980s it fluctuated between ________ percent and ________ percent.

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

The legislation overturning the Glass-Steagall Act is

The agreement to provide a standardized commodity to a buyer on a specific date at a specific future price is

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

U.S.banks have most of their branches in

The primary reason for the recent reduction in the number of banks is

Nationwide banking might reduce bank failures due to

In this type of arrangement,any balances above a certain amount in a corporation's checking account at the end of the business day are "removed" and invested in overnight securities that pay the corporation interest.This innovation is referred to as a

In 1977,he pioneered the concept of selling new public issues of junk bonds for companies that had not yet achieved investment-grade status.

With the creation of the Federal Deposit Insurance Corporation,

Critics of nationwide banking fear

A disadvantage of virtual banks (clicks)is that

Which of the following statements concerning bank regulation in the United States are true?

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

Banks have attempted to maintain adequate profit levels by

The legislation that separated investment banking from commercial banking until its repeal in 1999 is known as the:

Uncertainty about interest-rate movements and returns is called ________.

Rising interest-rate risk