金融市场与机的构Madura第九版题库ch21Word文件下载.docx
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金融市场与机的构Madura第九版题库ch21Word文件下载.docx
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B
4.Savingsinstitutionsusemostoftheirfundsfor______.
Commercialbanksusemostoftheirfundsfor______.
A)mortgages;
mortgages
B)mortgages;
businessloansandcommercialrealestateloans
C)businessloans;
commercialrealestateloansandmortgages
D)commercialrealestateloansandmortgages;
businessloans
ANSWER:
B
5.Federally-charteredsavingsinstitutionsareregulatedbythe
A)SecuritiesandExchangeCommission(SEC).
B)FederalReserve.
C)OfficeofThriftSupervision(OTS).
D)ComptrolleroftheCurrency.
C
6.Savingsinstitutionsobtainmostoftheirfundsfrom
A)savingsandtimedeposits.
B)loans.
C)mortgages.
D)repurchaseagreements.
7.Whensavingsinstitutionsareunabletoattractsufficientdeposits,theycan
A)borrowinthefederalfundsmarket.
B)borrowfromtheFederalReserve.
C)borrowthrougharepurchaseagreement.
D)alloftheabove
8.ThecapitalofSIsisprimarilycomposedofretainedearningsandfundsobtainedfromissuingstock.
A)True
B)False
9.Ifdepositsmovemoneyfromtheircheckingaccounttoshort-termCDs,thiswould______theratesensitivityofthesavingsinstitution’sliabilitiestointerestratemovements.
A)increase
B)havenoeffecton
C)decrease
D)AorC,dependingonthesizeofthesavingsinstitution
10.______aretheprimaryassetofsavingsinstitutions.
A)Mortgages
B)Cashbalances
C)Investmentsecurities
D)Businessloans
A
11.Savingsinstitutionsthatreducetheiramountof_______willbestreducetheirexposuretointerestraterisk.
A)fixedratemortgages
B)consumerloans
C)commercialloans
D)shorttermsecurities
12.Forsavingsinstitutionsinaggregate,_______arethemainasset.
A)investmentsecurities
B)mortgages
D)creditcardloans
13.Whichofthefollowingisnotanassetofsavingsinstitutions?
A)loans
B)mortgages
C)NOWaccounts
D)mortgage-backedsecurities
C
14.MostmortgagesoriginatedbySIsarefor
A)commercialbuildings.
B)landforcommercialpurposes.
C)single-familyhomesormultifamilydwellings.
D)noneoftheabove.
15.Ifasavingsinstitutions’assetshaveconsiderablylongerdurationthanitsliabilities,itcanreduceitsexposuretointerestrateriskby
A)reducingitsproportionofassetsintheshortdurationcategories.
B)increasingitsproportionofliabilitiesintheshortdurationcategories.
C)increasingitsproportionofliabilitiesinthelongdurationcategory.
D)AandB
16.Adjustableratemortgages______ofrisinginterestratesonatypicalsavingsinstitution’sspread.
They______ofdeclininginterestratesonthespread.
A)reducetheadverseimpact;
reducethefavorableimpact
B)reducetheadverseimpact;
increasethefavorableimpact
C)increasetheadverseimpact;
D)increasetheadverseimpact;
17.Tomeasure___________risk,someSIsmeasurethedurationoftheirrespectiveassetsandliabilities.
A)credit
B)interestrate
C)liquidity
D)noneoftheabove
18.Acontractthatallowsforthepurchaseofaspecifieddebtsecurityforaspecifiedpriceatafuturepointintimeisknownasa(n)
A)interestratefuturescontract.
B)interestrateswapcontract.
C)interestcapcontract.
D)securityswapcontract.
19.Whenasavingsinstitutionusesinterestrateswapstohedgeinterestraterisk,itwouldlikelyexchange______outflowsfor______inflows.
A)variablerate;
fixedrate
B)variablerate;
variablerate
C)fixedrate;
D)fixedrate;
20.Aninterestrateswapreducesthefavorableimpactofdeclininginterestrates.
21.Asavingsinstitutionownedbyitsdepositorsisa______savingsinstitution.
A)mutual
B)stock
C)credit
D)closed-end
22.Whichofthefollowingwasnotamajorreasonforthesavingsinstitutioncrisis?
A)alargeproportionofloanlossesonrealestateloans
B)alargeproportionofloanlossesonloansbySIstoless-developedcountries
C)fraud
D)illiquidity
E)increasedinterestexpenses
23.TheFinancialInstitutionsReform,Recovery,andEnforcementAct(FIRREA)prohibited
A)S&
Lsfrommerging.
B)commercialbanksfromacquiringS&
Ls.
C)S&
Lsfrominvestinginjunkbonds.
D)S&
Lsfrommakingloanstoforeigngovernments.
24.Theriskthatacreditunionwillexperienceanunanticipatedwaveofwithdrawalswithoutan
offsettingamountofnewdepositsis______________risk.
A)credit(default)
B)interestrate
C)liquidity
D)exchangerate
E)noneoftheabove
25.Moneymarketdepositaccounts(MMDAs)represent
A)trustaccountsmanagedbysavingsinstitutions.
B)checkingaccountsthatdonotpayinterest.
C)accountsofferedprimarilybymoneymarketfunds.
D)depositaccountsofferinglimitedcheckingandclose-to-marketinterestrates.
D
26.Savingsinstitutions__________allowedtoborrowfundsinthefederalfundsmarket;
savingsinstitutions__________allowedtoborrowfundsfromtheFederalReserve.
A)are;
are
B)are;
arenot
C)arenot;
D)arenot;
27.Savingsinstitutionscommonly__________toreducetheirrisk.
A)purchasefuturescontractsonstockindexes
B)purchasefuturescontractsontreasurybonds
C)sellfuturescontractsonstockindexes
D)sellfuturescontractsontreasurybonds
28.Stock-ownedsavingsinstitutions_____susceptibletounfriendlytakeovers.Mutualsavingsinstitutions_______susceptibletounfriendlytakeovers.
29.Mostoftheassetsofsavingsinstitutions(SIs)areownedbySIsinthe____assetsizecategory.
A)lessthan$100million
B)morethan$1billion
C)between$100millionand$300million
D)between$300millionand$1billion
30.Toobtainfunds,savingsinstitutionscommonlyissuesecuritiesthatarebackedby
A)equity.
B)debt.
C)mortgages.
D)cash.
E)noneoftheabove
31.______________riskisprobablytheleastconcernforsavingsinstitutions.
A)Liquidity
B)Exchangerate
C)Credit
D)Interestrate
32.Althoughadjustable-ratemortgagesreducetheadverseimpactof____________interestrates,theyalsoreducethefavorableimpactof______________interestrates.
A)rising;
rising
B)declining;
declining
C)rising;
D)declining;
33.AnSI’scashflowsare______________relatedtointerestratemovements.
A)positivelyrelatedto
B)negativelyrelatedto
C)unrelatedto
D)noneoftheabove
34.Theprimaryuseofcreditunionfundsis
A)loanstocreditunionmembers.
B)thepurchaseofgovernmentsecurities.
C)thepurchaseofagencysecurities.
D)thepurchaseofcorporatebonds.
35.______arenonprofitorganizationscomposedofmemberswithacommonbond.
A)Creditunions
B)Savingsbanks
C)Savingsandloanassociations
D)Commercialbanks
36.Becausecreditunions______stock,theyaretechnicallyownedbythe______.
A)issue;
depositors
B)donotissue;
C)issue;
stockholders
D)donotissue;
management
37.Creditunionsobtainmostoftheirfundsfrom
A)issuingcommonstock.
B)retainedearnings.
C)sharedepositsbymembers.
D)issuinglongtermbonds.
38.Checkableaccountsofferedbycreditunionsarecalled
A)NOWaccounts.
B)moneymarketdepositaccounts.
C)sharecertificates.
D)sharedrafts.
39.The______actsasatemporarylendertocreditunions.
A)WorldBank
B)CentralLiquidityFacility
C)FederalHomeLoanBank
D)NationalCreditUnionAdministration
40.Thesensitivityofcostoffundstointerestratemovementshasbeen
A)greaterforcreditunionsthansavingsinstitutions.
B)greaterforcreditunionsthancommercialbanks.
C)lowerforcreditunionsthanforsavingsinstitutionsorcommercialbanks.
D)similarforcreditunionsassavingsinstitutionsandcommercialbanks.
41.Creditunionsusethemajorityoftheirfundsto
A)purchaseinvestmentsecurities.
B)providecommercialrealestateloans.
C)providesmallbusinessloanstomembers.
D)provideconsumerloanstomembers.
42.Ifcreditunionmembershaveaparticularaffiliationwiththeiremployersandlargelayoffsoccur,
thecreditunion’sexposureto___________riskmayincrease.
A)settlement
D)noneofthea
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