商业银行管理彼得S罗斯英文原书第8版英语试题库Chap002知识讲解.doc
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1、商业银行管理彼得S罗斯英文原书第8版英语试题库Chap002Chapter 2The Impact of Government Policy and Regulation on the Financial-Services IndustryFill in the Blank Questions1.The _ was created as part of the Glass Steagall Act. In the beginning it insured deposits up to $2,500. Answer: FDIC 2.The_ is the law that states that
2、 a bank must get approved from their regulatory body in order to combine with another bank. Answer: Bank Merger Act 3.One tool that the Federal Reserve uses to control the money supply is _ . The Federal Reserve will buy and sell T-bills when they are using this tool of monetary policy. Answer: open
3、 market operations 4.The_ was created in 1913 in response to a series of economic depressions and failures. Its principal role is to serve as the lender of last resort and to stabilize the financial markets. Answer: Federal Reserve 5.The _ prevented banks from crossing state lines and made national
4、banks subject to the branching laws of their state. This act was later repealed by the Riegle Neal Interstate Banking law.Answer: McFadden-Pepper Act 6.Because the FDIC levies fixed insurance premiums regardless of risk, this leads to a problem called the _ among banks. The fixed premiums encourage
5、all banks to accept greater risk. Answer: moral hazard 7.In 1980, _ was passed and lifted government ceilings on deposit interest rates in favor of free market interest rates. Answer: DIDMCA 8.One tool that the Federal Reserve uses to control the money supply is _. The Federal Reserve will change th
6、e interest rate they charge for short term loans when they are using this tool of monetary policy. Answer: changing the discount rate 9.The first major federal banking law in the U.S. was the _. This law was passed during the Civil War and set up a system for chartering national banks and created th
7、e OCC. Answer: National Banking Act 10.The_ was passed during the Great Depression. It separated investment and commercial banks and created the FDIC. Answer: Glass-Steagall Act 11.The_ brought bank holding companies under the jurisdiction of the Federal Reserve. Answer: Bank Holding Company Act 12.
8、The_ allows bank holding companies to acquire banks anywhere in the United States. However, no one bank can control more than 30 percent of the deposits in any one state or more than 10 percent of the deposits across the country. Answer: Riegle-Neal Interstate Banking Act 13.The allows banks to affi
9、liate with insurance companies and securities firms either through a holding company or as a subsidiary. Answer: Gramm-Leach-Bliley Act (Financial Services Modernization Act) 14.Customers of financial-service companies may _ of having their private information shared with a third party such as a tel
10、emarketer. However, in order to do this they must tell the financial-services company in writing that they do not want their personal information shared with outside parties. Answer: opt out 15.The federal bank regulatory agency which examines the most banks is the _. Answer: FDIC 16.The _ requires
11、financial service companies to report suspicious activity in customer accounts to the Treasury Department. Answer: U.S. Patriot Act 17.The central bank of the new European Union is known as the _. Answer: European Central Bank or ECB 18.The _ Act prohibits banks and other publicly owned firms from p
12、ublishing false or misleading financial performance information. Answer: Sarbanes-Oxley 19. One of the main roles of the Federal Reserve today is . They have three tools that they use today to carry out this role; open market operations, the discount rate and legal reserve requirements.Answer: monet
13、ary policy20. The is the center of authority and decision making within the Federal Reserve. It consists of seven members appointed by the president for terms not exceeding 14 years.Answer: Board of Governors21. The main regulators of insurance companies are .Answer: state insurance commissions22. F
14、ederal Credit Unions are regulated and examined by .Answer: the National Credit Union Administration.23. The makes it easier for victims of identity theft to file fraud alerts and allows the public to apply for a free credit report once a year.Answer: Fair and Accurate Credit Transactions Act (FACT
15、Act)24. The makes it faster and less costly for banks to clear checks. It allows for banks to electronically send check images instead of shipping paper checks across the country.Answer: Check 21 Act25. The was created by the National Banking Act and is part of the Treasury Department. It is the pri
16、mary regulator of National Banks.Answer: Office of the Comptroller of the Currency (OCC)26. The _ proposes various regulations applying to the financial markets to combat the recent credit crisis. This “bail-out” bill granted the US Treasury the means to purchase troubled loans, allowed the FDIC to
17、temporarily increase deposit insurance, and permitted the government to inject additional capital into the banking system.Answer: The Emergency Economic Stabilization Act of 2008True/False QuestionsTF27.Federal Reserve Act authorized the creation of the Federal Deposit Insurance Corporation. Answer:
18、 False TF28.In the United States, fixed fees charged for deposit insurance, regardless of how risky a bank is, led to a problem known as moral hazard.Answer: True TF28.Government-sponsored deposit insurance typically encourages individual depositors to monitor their banks behavior in accepting risk.
19、 Answer: False TF29.The Federal Reserve changes reserve requirements frequently because the affect of these changes is so small. Answer: False TF30.The Bank Merger Act and its amendments requires that Bank Holding Companies be under the jurisdiction of the Federal Reserve. Answer: False TF31.Nationa
20、l banks cannot merge without the prior approval of the Comptroller of the Currency. Answer: True TF32.The Truth in Lending (or Consumer Credit Protection) Act was passed by the U.S. Congress to outlaw discrimination in providing bank services to the public. Answer: False TF33.The federal law that st
21、ates individuals and families cannot be denied a loan merely because of their age, sex, race, national origin or religious affiliation is known as the Competitive Equality in Banking Act. Answer: False TF34.Under the terms of the 1994 Riegle-Neal Interstate Banking law bank holding companies can acq
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