Sec & Inv Chapter 17 Test
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Examples of a deposit account | Transaction deposits, Savings deposits, Time deposits, Money market deposit accounts
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| Examples of borrowed funds | Federal funds purchased (borrowed), Borrowing from the Federal Reserve banks, Repurchase agreements, Eurodollar borrowings
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| Checking Account is also known as | Demand Deposit Account
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| The typical maturity on mortgage rate loans | 15 to 30 years
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| Type of loan that obligates the bank to offer up to some specified maximum amount of funds over a specified period of time. | Revolving credit loan
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| Type of loan that allows the business to borrow up to a specified amount within a specified period of time. | Informal line of credit
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| Type of business loan primarily to finance the purchase of fixed assets such as machinery. | Term loans
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| An instrument that does not specify a maturity. | Money Market Account
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| Instrument that typically has a short term maturity and a minimum deposit of $100,000. | Negotiable Certificate of Deposit
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| Instrument that requires a specified minimum amount of funds to be deposited for a specified period of time | Certificate of Deposit
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| Interstate banking regulations were changed in 1994 | Allowed banks more freedom to acquire other banks across state lines.
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| The number of banks has ________________ over time, thereby increasing concentration in the banking industry. | Decreased
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| Which of the following is not an example of a deposit account? | Eurodollar borrowings
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| Eurodollar borrowings is an example of | Borrowed funds
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| The traditional savings account is the passbook savings account, which does not permit | check writing
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| The interest rate charged in the federal funds market is called | The Federal discount rate
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| The rate charged by the Federal Reserve district banks to provide short-term loans to banks is called | Primary credit lending rate
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| The primary source of funds for most banks | Savings Deposits
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| Smaller banks rely on savings deposits while larger banks rely more on | Short-term borrowings.
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| Because banks do not earn income from cash, they hold only as much cash as is | necessary to maintain a sufficient degree of liquidity.
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| Some intangible assets accepted by banks include | patents, brand names, and licenses to franchises and distributorships.
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