金融机构管理练习题.docx
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金融机构管理练习题.docx
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金融机构管理练习题
FinancialInstitutionsManagement:
ARiskManagementApproach5/e
1WhyareFinancialIntermediariesSpecial
1Financialintermediariesfulfillwhichofthefollowingfunctions?
A)Brokerage
B)Assettransformation
C)Savingsprovider
D)Alloftheabove.
E)Onlyaandbabove.
2Theoutlayinmonetaryexpensetotrackthecreditriskofborrowersisanexample
A)ofliquiditycost.
B)ofmonitoringcost.
C)ofpricerisk.
D)ofassetacquisitioncost.
E)agencycost.
3Actionsthatutilizethemoneysupplyinanefforttoimpactmacroeconomicactivityoftenarepartof
A)fiscalpolicy.
B)taxpolicy.
C)monetarypolicy.
D)creditallocation.
E)redlining.
4Theprocessoffundingassetsofonematuritywithliabilitiesofanothermaturityiscalled
A)sizeintermediation.
B)denominationintermediation.
C)creditallocation.
D)paymentintermediation.
E)maturityintermediation.
5Thecentralbankdirectlycontrolstheportionofmoneyknownas
A)insidemoney.
B)outsidemoney.
C)internationalmoney.
D)M2.
E)M3.
6Regulationssupportingthelendingtosociallyimportantsectorsoftheeconomyis
A)safetyandsoundnessregulation.
B)monetarypolicyregulation.
C)creditallocationregulation.
D)entryregulation.
E)consumerprotectionregulation.
7ThemostdramaticincreaseintheshareofassetsinFIsintheU.S.hasbeenin
A)investmentcompanies.
B)thriftinstitutions.
C)commercialbanks.
D)mortgagecompanies.
E)insurancecompanies.
8ProtectionagainsttheriskofFIfailureisafunctionof
A)safetyandsoundnessregulation.
B)monetarypolicyregulation.
C)creditallocationregulation.
D)entryregulation.
E)consumerprotectionregulation.
9Theriskthatmanagerswilltakeactionsthatareintheirbestinterests,butknowinglynotinthebestinterestsofthefirm,resultsin
A)negativeexternalities.
B)economiesofscale.
C)agencycosts.
D)pricerisks.
E)marketentrycosts.
10Excludingpotentialfinancialservicecustomersfromthemarketplaceisknowas
A)creditallocation.
B)redlining.
C)agencycosts.
D)diversification.
E)delegatedmonitoring.
2TheFinancialServicesIndustry:
DepositoryInstitutions
1Thelargestgroupofdepositoryinstitutionsinsizeis
A)insurancecompanies.
B)securitiesfirms.
C)commercialbanks.
D)pensionfunds.
E)financecompanies.
2Abankthathasassetsunder$1billionisusuallyconsideredtobea
A)regionalbank.
B)moneycenterbank.
C)super-regionalbank.
D)communitybank.
E)wholesalebank.
3Theprimarysourcesoffundsforcommercialbanksare
A)NOWaccounts.
B)transactionaccounts.
C)moneymarketmutualfunds.
D)alloftheabove.
E)onlyaandboftheabove.
4Anitemthatmovesontotheassetsideofthebalancesheetwhenacontingenteventoccursis
A)anoff-balance-sheetliability.
B)aderivativecontract.
C)anoff-balance-sheetasset.
D)anegotiablecertificateofdeposit.
E)noneoftheabove.
5Legislationthatprohibitedcommercialbanksfromunderwritingsecurities,exceptinverylimitedsituations,isthe
A)1982Garn-StGermainDepositoryInstitutionsAct.
B)1933Glass-SteagallAct.
C)1978InternationalBankingAct.
D)1987CompetitiveEqualityinBankingAct.
E)1927McFaddenAct.
6Themainregulator(s)ofsavingsassociationsis(are)
A)FDIC-BIFfund.
B)OfficeofThriftSupervision.
C)FDIC-SAIFfund.
D)Alloftheabove.
E)bandcabove.
7Theprocessofdepositwithdrawal,usuallybecauseoflowerinterestratespaidbyFIs,forreinvestmentelsewhereiscalled
A)disintermediation
B)regulatorforebearance.
C)RegulationQceilings.
D)off-balance-sheetfinancing.
E)noneoftheabove.
8Theportionoftheincomestatementthatreflectsmoneysetasideforpossiblefuturecreditlossesis
A)thereserveforloanlosses.
B)netinterestincome.
C)noninterestexpense.
D)theprovisionforloanlosses.
E)netinterestmargin.
9Acommercialbankhasearningassetsof$1billionwhichearnanaveragerateof7percent.Theassetsarefundedbyinterestbearingliabilitiesof$800millionwhichcost4percent.Noninterestincomeis$18,000,000andnoninterestexpenseis$28,000,000.Nomoneyissetasideforfuturechargeoffs.Whatisthenetinterestincomeforthebank?
A)$70,000,000
B)$32,000,000
C)$38,000,000
D)$56,000,000
E)$40,000,000
10Acommercialbankhasearningassetsof$1billionwhichearnanaveragerateof7percent.Theassetsarefundedbyinterestbearingliabilitiesof$800millionwhichcost4percent.Noninterestincomeis$18,000,000andnoninterestexpenseis$28,000,000.Nomoneyissetasideforfuturechargeoffs.Whatistheearningsbeforetax?
A)$22,000,000
B)$28,000,000
C)$46,000,000
D)$30,000,000
E)$60,000,000
TheFinancialServicesIndustry:
InsuranceCompanies
(Seerelatedpages)
第3章TheFinancialServicesIndustry:
InsuranceCompanies
1Theclassorlineoflifeinsurancethatisthemostdominantis
A)endowmentlife.
B)ordinarylife.
C)variablelife.
D)termlife.
E)wholelife.
2Alifeinsurancepolicythatcombinespureinsurancewithasavingselementforsomespecifiedperiodoftimeis
A)endowmentlife.
B)ordinarylife.
C)variablelife.
D)termlife.
E)wholelife.
3Lifeinsurancecompaniesconcentratetheirassetinvestments
A)inmoneymarketinvestments.
B)inrealestateinvestments.
C)inpolicyloans.
D)atthelongerendofthematurityspectrum.
E)attheshorterendofthematurityspectrum.
4Thelegislationthatconfirmstheprimacyofstateregulationoflifeinsurancecompaniesisthe
A)Garn-StGermainDepositoryInstitutionsActof1982.
B)Glass-SteagallActof1933.
C)McCarran-FergusonActof1945.
D)CompetitiveEqualityinBankingActof1987.
E)McFaddenActof1927.
5Insuranceguarantyfunds
A)areadministeredbytheinsurancecompanies.
B)maintainapermanentreservetoresolvefailures.
C)requirehomogeneouscontributionsbyinsurersacrossstates.
D)alloftheabovearecorrect.
E)onlytwooftheabovearecorrect.
6WhencomparinglifeversusPCinsurers,PCinsurers
A)havemorecertainpayoutsontheirinsurancecontracts.
B)maintainlossreservesbecausepremiumsgenerallyexceedclaims.
C)holdlong-termassetstomatchthematurityoflong-termliabilities.
D)generallyrealizepremiumpaymentscoincidentalwithclaims.
E)realizemorethanoneoftheaboveitems.
7TheactuarialpredictabilityoflossesrelativetothepremiumsearnedforPCinsurersisdependent
A)onthefactthatliabilitylinesaremorepredictablethanpropertylines.
B)onthefactthathighseverity,lowfrequencylinesaremorepredictablethanlow-severity,high-frequencylines.
C)ontheunderlyinginflationriskoftheeconomy,especiallyforliabilitylines.
D)ontheunderlyinginflationriskoftheeconomy,especiallyforpropertylines.
E)onmorethanoneoftheaboveitems.
8Aperformancemeasurethatreflectsthelossesincurredtothepremiumsearnedis
A)theoperatingratio.
B)thecombinedratio.
C)theexpenseratio.
D)thedividendratio.
E)thelossratio.
9AperformancemeasurethatreflectstheoverallaverageprofitabilityofPCinsurersis
A)theoperatingratio.
B)thecombinedratio.
C)theexpenseratio.
D)thedividendratio.
E)thelossratio.
10ThetendencyofprofitsinthePCindustrytofollowacyclicalpatternisdescribedasthe
A)interest-ratecycle.
B)underwritingcycle.
C)catastrophecycle.
D)economiccycle.
E)businesscycle.
TheFinancialServicesIndustry:
SecuritiesFirmsandInvestmentBanks
(Seerelatedpages)
第4章TheFinancialServicesIndustry:
SecuritiesFirmsandInvestmentBanks
1Securitiesfirmsthatservicebothretailandcorporatecustomersarecalled
A)discountbrokers.
B)broker-dealers.
C)nationalfull-linefirms.
D)corporatefinancefirms.
E)regionalsecuritiesfirms.
2First-timeequitysecuritiesissuesofcompaniesaspublicofferingsarecalled
A)privateplacements.
B)IPOs.
C)best-effortsunderwriting.
D)firmcommitmentunderwriting.
E)marketmaking.
3Creatingasecondarymarketinanassetbyasecuritiesfirmorinvestmentbankis
A)aprincipaltransaction.
B)anagencytransaction.
C)firmcommitmentunderwriting.
D)marketmaking.
E)besteffortsunderwriting.
4Buyinganassetinonemarketatonepriceandsellingitimmediatelyinanothermarketatanotherpriceiscalled
A)programtrading.
B)positiontrading.
C)purearbitragetrading.
D)riskarbitragetrading.
E)principaltransactiontrading.
5Theprimaryassetofbroker-dealersis
A)receivablesfromotherbroker-dealers.
B)reverserepurchaseagreements.
C)longpositionsinsecuritiesandcommodities.
D)repurchaseagreements.
E)securitiesandcommoditiessoldshortforfuturedelivery.
6Theprimarysourceoffundsofbroker-dealersis
A)receivablesfromotherbroker-dealers.
B)reverserepurchaseagreements.
C)longpositionsinsecuritiesandcommodities.
D)repurchaseagreements.
E)securitiesandcommoditiessoldshortforfuturedelivery.
7Theprimaryregulatorofthesecuritiesindustryis
A)NewYorkstockExchange.
B)NationalAssociationofSecuritiesDealers.
C)NationalSecuritiesMarketsImprovementActof1996.
D)SecuritiesandExchangeCommission.
E)OfficeoftheComptrolleroftheCurrency.
8TheprocessofregisteringnewissueswiththeSECforsaleuptotwoyearsinthefutureiscalled
A)afirmcommitmentoffering.
B)abesteffortsoffering.
C)ashelf-offering.
D)aglobalissue.
E)eitheraordabove.
9Investmentbankingincl
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