Exam 19: Banking Industry: Structure and Competition

Bank holding companies that have begun to rival the money center banks in size but whose headquarters are not based in one of the money center cities are called superregional banks.

A form of electronic money used on the Internet to pay for goods and services is

The government institution that has responsibility for the amount of money and credit supplied in the economy as a whole is the

Americans are the biggest users of checks in the world but nonetheless are ahead of Europeans in the proportion of noncash payments that are made by electronic means.

The Riegle-Neal Act of 1994

Are bank consolidations and nationwide banking good things? Why?

The Second Bank of the United States was denied a new charter by

Before 1863,

New computer technology has

Financial innovation has widened the cost advantages that banks have in acquiring funds,helping to explain why bank profitability has soared in recent years.

Explain the innovations that have been created to lower interest-rate risk.

Bank holding companies are regulated by the FDIC.

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.

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

The McFadden Act's prohibition against interstate branching

So-called fallen angels differ from junk bonds in that

Which of the following is not a financial innovation stimulated by information technology?

State banks that are not members of the Federal Reserve System are most likely to be examined by the

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

Bank managers look on reserve requirements as a