Exam 3: The Organization and Structure of Banking and the Financial-Services Industry

___________________ is the committee selected by stockholders to set policies and monitor the performance of a bank.

A(n)_____________________ is a special type of holding company that may offer the broadest range of financial services,including dealing in and underwriting securities,and selling and underwriting insurance.

___________________ is a larger view of how modern corporations operate,and analyzes the relationship between a firm's owners and its managers.

A(n)_____________________ is one which offers its full range of banking services from only one location.

Of the following countries in Europe,which one has the largest number of banks?

About a quarter of all commercial banks in the U.S.are:

In recent years,organizational hierarchy in banks is increasingly becoming more:

________________ manage and care for the property of businesses,individuals,and non-profit organizations.

A financial holding company (FHC),defined as a special type of holding company that may offer the broadest range of financial services such as securities and insurance activities,was allowed under which act?

One reason for the fairly large number of unit banks in the United States is:

The Gramm-Leach-Bliley Act moved the U.S.banking industry closer to the concept of ___________ banking in which banks merge with security and insurance firms and various other financial products.

Banks tend to have a higher proportion of outside directors than a typical manufacturing firm.

Managers who value fringe benefits,plush offices,and ample travel budgets over the pursuit of maximum returns for stockholders are exhibiting signs of _________________________.

The concentration of U.S.bank deposits in the hands of the largest banks has _________ recently.

Bank organizational structure has become more complex in recent years.

Which of the following is considered to be an advantage of branch banking?

Which of the following is a type of service that a bank holding company is not allowed to own?

Despite the rapid growth of automation in U.S.banking,there are more full-service branch banking offices than automated teller machines across the whole U.S.

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.

Traditional brick-and-mortar bank branch offices are on the decline in the U.S.today.