商业银行管理彼得S.罗斯英文原书第8版-英语试题库ch4.docx

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1、ch4Student:1. The state banking commissions (at the state level) and the Office of the Comptroller of theCurrency (at the federal level) are the only ones able to issue a(n)for anew U.S. bank.2. The issues charters for new national banks.3. The issues charters for new state banks.4. is demonstrated

2、by organizers of new banks by showing that local banks are not conveniently located or fail to offer some key services.5. Banks which offer services with in the grocery stores and other retail outlets are offering services from a(n)branch.50. One of the benefits of securing a state charter instead o

3、f a federal charter for a bank is that:A. it brings added prestige.B. it results in the automatic receipt of federal deposit insurance.C. it is often able to lend a higher percentage of its capital to a single borrower.D. state laws can pre-empt federal laws.E. None of the options are correct.51. On

4、e of the benefits for a bank securing a federal (national) charter instead of a state charter is that:A. federal rules can pre-empt state laws.B. a federal charter is generally easier and less costly to secure.C. a federal charter often allows to lend a higher percentage of capital to a single borro

5、wer.D. a federal charter usually entails lower supervisory fees.E. None of the options are correct.52. The number of bank charters issued annually in the United States averages about:A. 1,000B. 2,000C. 10D. 10053. The existence of branch banking in a given state:A. encourages new banks to be charter

6、ed.B. discourages new banks from being chartered.C. results in more bank failures than normal.D. results in lower operating cost per unit of service.E. None of the options are correctMost new banks:A. become profitable in the first 3 years of their operation.B. have pro-competitive effects on the ma

7、rkets they enter.C. are more closely supervised by regulators than established institutions.D. All of the options are correctE. None of the options are correct.54. Most new U.S, banks are chartered in:A. small communities where there is very little existing competition.B. relatively large urban area

8、s where organizers can earn higher expected rates of return on their investment.C. rural areas where they will be more convenient for customers.D. All of the options are correctE. small communities where there is very little existing competition and provides moreconvenience for the customers.55. A c

9、harter of incorporation to start a new U.S. bank can be issued by:A. the Office of the Comptroller of the Currency.B. the state banking commissions of each state.C. the Federal Deposit Insurance Corporation (FDIC).D. All of the options are correctE. both the Office of the Comptroller of the Currency

10、 and the state banking commissions.56. Which of the following factor(s) does OCC assess during the application process for a national bank charter?A. Market demandB. Probable customer baseC. Competition and economic conditionsD. Inherent risks in the services to be offered to the publicE. All of the

11、 options are correctOne of the benefits of applying for a federal (national) bank charter over a state charter is that:A. it brings added prestige.B. it results in the automatic receipt of federal deposit insurance.C. there is better technical support in times of trouble.D. it brings added prestige

12、and better technical support in times of trouble.E. All of the options are correct57. According to the textbook, the disadvantages of a federal charter include:A. closer supervision of banking activities.B. stricter standards for capital.C. more stringent limits on the offering of new services.D. Al

13、l of the options are correctE. stricter capital standards and more stringent limit on new offerings.58. Which of the following is a key factor that organizers of a proposed new bank use in evaluating their investment opportunity?A. The level and growth of economic activityB. The need for a new finan

14、cial firmC. Management qualityD. Pledging of capital required to cover all costs of getting startedE. All of the options are correct.59. The FDIC Improvement Act of 1991 requires a bank closing one of its branches to give its customers a minimum notice of:A. 90 days.B. 60 days.C. 30 days.D. 10 days.

15、E. None of the options are correct.60. The most desirable sites for full-service branch bank offices usually have which of the following characteristics?A. Heavy traffic volumeB. Large numbers of retail shops and storesC. Above-average age populationsD. All of the options are correctE. None of the o

16、ptions are correctare much less costly to build and maintain, typically costing as little as one-fourth the expense incurred in constructing and operating a stand-alone bank branch, and experiencing more traffic flow than conventional branches.A. ATMsB. POS terminalsC. ACHsD. In-store branchesE. ALM

17、s61. Computer facilities in retail shops and stores that permit a customer to instantly pay for goods and services electronically by deducting the cost of each purchase directly from his or her deposit account are known as:A. ATMs.B. POS terminals.C. ACHs.D. In-store branches.E. ALMs.62. A personal

18、identification number (PIN) gives a bank customer access to his or her account through a(n):A. ACH.B. bank-by-mail service.C. ATM.D. electronic calculator.E. None of the options are correct.63. Computer terminals which allow customers to make cash withdrawals, check deposit balances, and make deposi

19、ts without dealing with a teller are known as:A. ATMs.B. POS terminals.C. ACHs.D. in-store branches.E. ALMs.64. Which of the following is one of the common services provided by banks on the internet today?A. Applying for a loanB. Applying for a new savings accountC. Making payments (especially recur

20、ring utility bills)D. All the options are correctE. None of the options are correct65. A bank is planning to set up a new branch. It expects the new branch to generate 20 percent of the total business of the bank after it is opened. The bank expects the returns on this branch to be 15 percent with a

21、 standard deviation of 5 percent. Currently the bank has a 12 percent rate of return with a standard deviation of 4 percent. The correlation between the banks current returns and the returns on the new branch is expected to be 0,25. What is the banks total expected return after adding this branch?A.

22、 15 percentB. 12.6 percentC. 12 percentD. 14.4 percentE. 15.5 percentA bank is planning to set up a new branch. It expects the new branch to generate 20 percent of the total business of the bank after it is opened. The bank expects the returns on this branch to be 15 percent with a standard deviatio

23、n of 5 percent. Currently the bank has a 12 percent rate of return with a standard deviation of 4 percent. The correlation between the returns on the new branch and the bank*s current returns is expected to be 0.25. What is the banks expected standard deviation after adding this branch?A. 12.84 perc

24、entB. 3.35 percentC. 4.36 percentD. 3.58 percentThe Clearwater National Bank is planning to set up a new branch. This new branch is anticipated to generate 5 percent of the total business of the bank after it is opened. The bank also expects the returns on this branch to be 15 percent with a standar

25、d deviation of 5 percent. Currently thebank has a 10 percent rate of return with a standard deviation of 5 percent. The correlation between the banks current return and returns on the new branch is expected to be -0.3. What is the bank*s total expected return after adding this branch?A. 15 percentB.

26、 10 percentC. 15.25 percentD. 10.25 percentE. 11.5 percentThe Clearwater National Bank is planning to set up a new branch. This new branch is anticipated to generate 5 percent of the total business of the bank after it is opened. The bank also expects the return for this branch to be 15 percent with

27、 a standard deviation of 5 percent. Currently the bank has a 10 percent rate of return with a standard deviation of 5 percent. The correlation between the banks current return and returns on the new branch is expected to be -0.3. What is this bank*s expected risk (measured by the standard deviation)

28、 after adding this branch?A. 21.91 percentB. 12.84 percentC. 4.68 percentD. 3.02 percentThe Clearwater National Bank is planning to set up a new branch. This new branch is anticipated to generate 5 percent of the total business of the bank after it is opened. The bank also expects the return for thi

29、s branch to be 15 percent with a standard deviation of 5 percent. Currently the bank has a 10 percent rate of return with a standard deviation of 5 percent. The correlation between the banks current return and returns on the new branch is expected to be -0.3. In this problem, the proposed new branch

30、 overall risk exposure due to effect.A. increases; economies of scaleB. increases; economies of scopeC. reduces; convergenceD. reduces; geographical diversificationE. none of the options are correctRatio of population per branch is calculated as:A. total population in the area to be served divided b

31、y number of branch offices present in the area.B. total population in the state divided by number of branch offices present in the area.C. total population in the state divided by number of branch expected to be opened in next one year.D. total population in the area to be served divided by number o

32、f employees hired for the new branch office.E. None of the options are correct6. A(n)terminal in a retail store allows a customer to pay for goods and services by instantly debiting his or her checking account.7. A(n)combines a computer terminal, record keeping system, and vault cash in one unit all

33、owing customers to withdraw money, check deposit balances, and other limited services 24 hours a day.8. “Virtual” banks are found on the, and more and more banks are using this medium to deliver selected services.9. A(n)is a full service facility which offers many of the same services as the home or

34、 main office of a bank.10. The can be calculated when the present value of the future net cashflows are set equal to the initial cash outflow. It is the interest rate that is actually earned on a newproject.74. Second National Bank is considering adding 5 new ATM machines. Each machine costs $25,000

35、 and installation costs are $15,000 per machine. Second National Bank expects the new machinesto save $0.33 per transaction on 250,000 transactions per year on the new machines. It also expects the new machines to last for 15 years. If the bank needs to earn 14 percent return on this investment, wha

36、t is the net present value of this investment?A. $506,729B. $306,729C. $272,269D. $381,729E. $424,228Third State Bank wants to add a new branch office. It has determined that the cost of construction of the new facility will be $1.5 million with another $500,000 in organizational costs. The bank has

37、 estimated that it will generate $319,522 per year in net revenues. If the new branch is expected to last 20 years, what is the expected rate or return on this investment? (Round to the nearest whole percent)A. 6 percentB. 21 percentC. 15 percentD. 32 percentE. 25 percent75. Third State Bank wants t

38、o add a new branch office. It has determined that the cost of construction of the new facility will be $1.5 million with another $500,000 in organizational costs. The bank has estimated that it will generate $319,522 per year in net revenues for 20 years. If Third State requires a 17% return on its

39、money, what is this projects net present value?A. $201,805B. -$201,805C. $1,798,195D. -$1,798,195E. $298,195Which of the following is true concerning branch offices?A. The number of full-service branch offices in the U.S. has shrunk in recent years.B. An ideal location for a new branch bank is one w

40、ith below average population density.C. Branch offices are generally cheaper to establish than chartering a whole new banking corporation.D. The decision about whether to establish a new branch is the sole prerogative of the CFO.E. All of the options are correct76. Murphy National Bank is thinking a

41、bout adding a new branch in a very different market area. It estimates that the new office will have an expected return of 16% with a standard deviation of 8%, Currently, it has an expected return of 12% with a standard deviation of 4%, The correlation between the returns on the new branch and the b

42、anks current returns is estimated to be 0.20. The bank estimates that the new branch will represent 15 percent of the revenues of the bank. What is the expected return of the bank with the new branch?A. 12.6 percentB. 15.4 percentC. 4.6 percentD. 7.4 percentE. 8.2 percent77. Murphy National Bank is

43、thinking about adding a new branch in a very different market area. It estimates that the new office will have an expected return of 16% with a standard deviation of 8%, Currently, it has an expected return of 12% with a standard deviation of 4%, The correlation between the returns on the new branch

44、 and the banks current returns is estimated to be 0.20. The bank estimates that the new branch will represent 15 percent of the revenues of the bank. What is the bank*s expected risk (measured by the standard deviation) with the new branch? Round to the nearest 0.1 percent.A. 14.6 percentB. 3.8 perc

45、entC. 4.6 percentD. 7.4 percentE. 5.8 percentThe FDIC requires the insured banks to maintain Tier 1 capital of at least for at leastthe first three years of their operations.A. 10 percentB. 8 percentC. $12 millionD. 15 percentE. $10 million78. In the short-term, newly-chartered banks fail at:A. a lo

46、wer rate than established banks.B. the same rate as established banks.C. a higher rate than established banks.D. a higher rate than non-chartered banks.E. a lower rate than non-chartered banks.79. Chester National Bank is considering adding a new branch bank. It knows that it will cost $2.5 million

47、to build the branch and it believes that it will generate $214,526 per year for the next 25 years. Chester National Bank requires a return of 10% on all new projects it undertakes. What is this projects net present value? (Round to the nearest $100)A. -$552,700B. -$3,052,700C. $1,947,300D. $2,863,20

48、0E. $5,363,20080. Chester National Bank is considering adding a new branch bank. It knows that it will cost $2.5 million to build the branch and it believes that it will generate $214,526 per year for the next 25 years. Chester National Bank requires a return of 10% on all new projects it undertakes. What is this projects expected rate of return or internal rate of return? (Round to the nearest whole percent)A. 0%B. 7%C. 12%D. 2%E. 25%The Chahad Bank wants to open a new