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