Chapter 1
An Overview of the Changing Financial-Services Sector
Fill in the Blank Questions
1. _______________________ is a traditional rvice provided by banks in which the banks store the valuables of their customers and certify their true value.
Answer: Safekeeping of valuables
2. The fact that financial institutions make loans bad on confidential information is the _______________________ theory of banking.
Answer: delegated monitoring
3. _______________________ refers to when a financial institution trades one form of
currency for another. An example of this would be when the bank trades dollars for yen for a fee.
Answer: currency exchange
4.A(n) _______________________ is a traditional rvice which permits a depositor to write a draft （汇票）in payment for goods and rvices.
Answer: demand deposit (checking account)
5. _______________________ is a rvice provided by banks where the bank lends money to individuals for the purcha of durable and other goods.
Answer: Consumer lending
6. The _______________________ of a bank is a traditional rvice where the bank manages the financial affairs and property of individuals (and in some cas business).
Answer: trust rvices
7. Companies such as Merrill Lynch and Sears which offered some but not all banking rvices in the 1980s were called _______________________.
Answer: nonbank banks
8. The looning of government regulation and control of financial institutions is called _______________________.
Answer: deregulation
9. ___________________________ is an alternative to lending in which the financial institution purchas the equipment and rents it to its customers.
Answer: Equipment leasing rvices
10. The___________________________ is a landmark act which allows financial rvice providers to offer an expanded menu of financial rvices for the customer. This law allows banks to truly become conglomerate financial rvice providers.
Answer: Financial Services Modernization Act (Gramm-Leach-Bliley Act)
寒假里的新鲜事作文 11. The country with the most banks is _______________________.
愁眉不展的意思Answer: United States
12. According to Congress a ____________ is defined as any institution that can qualify for deposit insurance administered by the FDIC.
Answer: Bank
13. A bank which spans regions, nations, and continents, offering the widest menu of financial rvices is known as a __________bank.
Answer: money-center bank
谋成语 14. _____________ refers to the movement of business across industry lines in order to broaden its ba.
Answer: Convergence
15. Banks which rve primarily houholds and small firms are known as ____________ banks.
Answer: retail
16. Banks that ll deposits and make loans to business and individuals are known as ______banks.
Answer: commercial
17. Banks which underwrite issues of new curities for their corporate customers are known as ________ banks.
Answer: investment
18. Banks which function under a federal charter through the Comptroller (审计署)of the Currency in the United States are known as ____________ banks.
中国四大名著作者
Answer: National
19. Banks which supply both debt and equity capital to business are known as _________ banks.
Answer: merchant（商人）
20.A bank that offers its rvices only over the internet is known as a(n) .
clotoAnswer: virtual bank散热器清洗（虚拟银行）
21.When a local merchant lls the accounts receivables they hold against their customer to a bank this generally known as .
Answer: discounting commercial notes
中国传统麻将
22.A(n) offers loans to commercial enterpris (such as appliance dealers) or to individuals using funds borrowed in the open market or from other financial institutions. Examples of this type of financial rvice provider include GM
AC Financial Services and Houhold Finance.
Answer: finance company
23.A(n) buys and lls curities on behalf of their customers and for their own accounts. Examples of this type of financial rvice provider include Merrill Lynch and Charles Schwab.
Answer: curity broker (or dealer)
24.A(n) lls shares mainly to upscale investors in a broad group of different kinds of asts including nontraditional investments in commodities, real estate, loans to ailing companies and other risky asts.
>1988年是什么命
