Exam 12: Banking Industry: Structure and Competition

A firm issuing credit cards earns income from

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

The National Bank Act of 1863,and subsequent amendments to it,

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

Because of the abuses by state banks and the clear need for a central bank to help the federal government raise funds during the War of 1812,Congress created the

Money market mutual funds

Today the United States has a dual banking system in which banks supervised by the ________ and by the ________ operate side by side.

The experience of disintermediation in the banking industry illustrates that

Which regulatory body charters national banks?

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

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

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

The spectacular growth in international banking can be explained by

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

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

The legislation that overturned the prohibition on interstate banking is

Newly-issued high-yield bonds rated below investment grade by the bond-rating agencies are frequently referred to as

The regulatory system that has evolved in the United States whereby banks are regulated at the state level,the national level,or both,is known as a

The McFadden Act of 1927

Financial innovations occur because of financial institutions search for ________.