商业银行管理彼得S.罗斯英文原书第8版英语试题库Chap003

Chapter 3

The Organization and Structure of Banking and the Financial-Services Industry

Fill in the Blank Questions

1.A(n) ___________________ is a machine located at the merchant's place of business which allows

depositors to use their debit card to pay for purchases directly.

Answer: POS

2.A(n) ____________________ is a bank which offers its full range of services from several

locations.

Answer: branch bank

3.A(n) ____________________ is a bank which offers its full range of services from only one

location.

Answer: unit bank

4.A(n)________________________ is a corporation chartered for the express purpose of holding

the stock of one or more banks. Answer: Bank Holding Company

5.Managers who value fringe benefits, plush offices and ample travel budgets over the

pursuit of maximum returns for stockholders are exhibiting signs of ______ .

Answer: Expense Preference Behavior

6.A(n) _______________________ can invest in corporate stock as sell as loan money to help

finance the start of new ventures or support the expansion of existing businesses.

Answer: Merchant bank

7. A bank which operates exclusively over the internet is known as a _bank.

Answer: Virtual

8.One new 21st century bank organizational structures is _____________ . This is a

special type of holding company that may offer the broadest range of financial

services. Answer: Financial Holding Company (FHC)

9.The key problem in a large money center bank is . Managers may be

knowledgeable about banking practices but may be less informed about products and services of subsidiary companies.

Answer: span of control

10.The Gramm-Leach-Bliley Act moved the U.S. banking industry closer to banking in

which banks may provide securities, insurance, and other financial products. Answer:

universal

11.A bank that is not associated with a bank holding company is called a(n) bank.

Answer: independent

12.is a view of how modern corporations operate which analyzes the

relationship between a firm 's owners and its managers. Answer: Agency theory

13.Many experts believe that , the relationships that exist between managers,

the board of directors and stockholders, is more complicated in financial institutions.

Answer: Because of government regulations.

14.is the idea that there will be a lower cost of production per

unit as the firm gets larger.

Answer: Economies of scale

15.is the idea that there will be lower cost of producing multiple

services using the same organization and resources.

Answer: Economies of scope

16.Over the years, managers of banks and other financial institutions have evolved different

organizational forms to address changes in the industry. Indeed, these firms are organized to carry out various roles in the most efficient way. This is referred to as ____ .

Answer: Organizational form follows function

True/False Questions

T F 17. Bank size is not considered a significant factor in determining how banks are organized.

Answer: False

T F 18. Nearly three quarters of all U.S. banks exceed $100 million in asset size apiece. Answer: False