Banking Mid Sem Exam Study
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Banking: Theory and Practice Tutorial Questions
WEEK 1:
Banks are the major providers of intermediated finance to the household and business sectors of an economy. In carrying out the intermediation process, banks perform a range of important functions. List and explain these functions.
Asset transformation
o
Borrowers and savers are offered a range of products
Maturity transformation
o
Borrowers and savers are offered products with a range of terms to maturity
Credit risk diversification and transformation
o
Saver’s credit risk limited to the intermediary, which has expertise and information
Liquidity transformation
o
Ability to convert financial assets into cash
Economies of scale
o
Financial and operational benefits of organisational size and business volume
A student remarks: When I pay my car insurance premiums, I never get that money back. My insurance premiums represent payments for a service I receive from the insurance company. When I deposit money in the bank, I can always withdraw the money later if I want to. So, my bank deposit represents a financial investment for me. Therefore, a bank is a financial intermediary, but an insurance company is not. Briefly explain whether you agree with the student’s argument.
A financial intermediary is an organization that pools savings
of any given individual and lends or invests in
securities to get a return. The argument that the student makes about a bank being a financial intermediary is inaccurate. Both the bank and the insurance company
act as a financial intermediary that pools investment from people to invest and get a return. Banks offer all depositors safety of their funds. On the other hand, insurance companies provide financial protection in the event of a loss, even if the loss is more than the premium that was paid by the insured. Therefore, the student is not correct.
A financial intermediary is an organization that pools savings
of any given individual and lends or invests in
securities to get a return. The argument that the student
makes about a bank being a financial intermediary is inaccurate. Both the bank and the insurance company act as a financial intermediary that pools investment from people to invest and get a return. Banks offer all depositors safety of their funds. On the other hand, insurance companies provide financial protection in the event of a loss, even if the loss is more than the premium that was paid by the insured. Therefore, the student is not correct.
A financial intermediary is an organization that pools savings of any given individual and lends or invests in
securities to get a return. The argument that the student makes about a bank being a financial intermediary is inaccurate. Both the bank and the insurance company act as a financial intermediary that pools investment from people to invest and get a return. Banks offer all depositors safety of their funds. On the other hand, insurance companies provide financial protection in the event of a loss, even if the loss is more than the premium that was paid by the insured. Therefore, the student is not correct.
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Related Questions
Apex Learning - Courses
m/public/activity/5000001/assessment
L Pretest: Unit 5
Question 4 of 20
Why do banks practice fractional reserve banking?
A. It ensures that all customers can withdraw their funds at once.
B. It allows them to lend more money than they hold in deposits.
C. It increases the value of collateral used to secure mortgages.
D. It encourages customers to accept higher interest rates on loans.
SUBN
PREVIOUS
O O
arrow_forward
Question 13
Select the correct statement:
Your interest rate on your loan with the credit card company can go up big
O A.
time if you make late payments, or go over your credit limit.
Your interest rates on your loan with many credit card companies can go up
O B. big time if you make late payments on other bills that have nothing to do
with your credit card.
Your interest rate on your loan with many credit card companies can go up
C.
big time for no reason at all.
O D. All of the above.
Question 14
Save and Quit
s a really tough question. Select the correct statement:
DELL
24
&
arrow_forward
Financial intermediaries are firms that:
match buyers and sellers of bonds.
O conduct open market operations.
match buyers and sellers of stocks.
extend credit to borrowers using funds from savers.
arrow_forward
O Assignment for Tuesday, Decem x
E EverFi Educational Platform
E Module 1: Banking Basics | a01 x
net/curriculum/show?enrollment_id%3D48094637#m01-banking-basics/a01/p02
MODULE 1
Banking Basics
Glessary
Assessment
Question 1/5
Which of the following is NOT a common feature of a
financial institution?
Checking and savings accounts
O Direct deposit
O Access to investment advice
O Paper checks
Sign out
DELL
7
arrow_forward
Which of the following statements is FALSE?
Select one:
Base lending rate of a loan does not depend on the credit risk of borrower
Short-term loans are appropriate to finance seasonal increase in inventory
of a bank's client
The interest rate on a floating rate loan is reset periodically by the bank
O d. Higher leverage of a borrower increases the credit risk to the bank
O e.
All else remaining same, secured loans are usually costlier than unsecured
loans to the borrower
arrow_forward
Paysl
Question 20
Which one of the following is an incorrect statement about US financial system?
O Saving and investment are important determinants of long run growth in GDP and living standards.
O The primary advantage of mutual funds is that they allow people with small amounts of money to diversity their holdings
O Financial Intermediaries are financial institutions through which savers can directly provide funds to borrowers
O The institutions that make up this system-the bond market, the stock market, banks, and mutual funds-- have the role of coordinating the economy's
saving and investment.
Question 21
Which one of the folawing is an incorrect statement about the history of The US Central Bank?
O In 1836. President Andrew Jackson closed the Second Bank of the United States (SBUS) because of his deep distrust of financial elites. It led to a period of
rapid monetary expansion and inflation, which was soon folowed by financial panics in 1837 and 1839 and a severe recession
O The…
arrow_forward
Name a of product or service which the banks render. Name the inputs that are required to produce these goods or services.
Relate the concepts of microeconomic theory with respect to the supply and demand of the inputs required to produce the good/s and the good/s itself. Consider relating to elasticity/inelasticity; substitutes and complements; derived demand; marginal costing; rival / non-rival goods; price formation.
arrow_forward
lling MOST of the financial funds in USA.
The following are true general statements about Financial Instruments and Trading
Markets, EXCEPT:
Stocks are considered more risky type of investmet than Bonds.
O Stock holders are residual claimants.
Stocks are only traded in the Primary Markets.
In the Secondary Markets securities are continuously resold.
arrow_forward
Question 9
Which of the following takes place in the direct finance market?
O Ownership in corporations is sold in the form of preferred stock.
O Firms borrow funds from banks.
O Banks offer savings accounts to customers.
O Deposits from savers are accumulated and loans made to borrowers.
arrow_forward
Banking and Finance(1)
Investment accounts operated by Islamic banks are based on the concept of:
Select one.
O a hibah
O b. wadiah
O C. murabahah
O d. mudarabah
Nex
arrow_forward
Which statement is incorrect related to financial intermediaries (institutions)?
a. They are firms that specialize in financial intermediation - a process of borrowing funds from SSUs and lending such funds to the DSUs.
b. The main objective of financial intermediaries is to convert savings from SSUs into investments.
c. They are the biggest investors in equity securities in the PSE
d. They offer the highest returns and lowest risks when compared to alternative investments available to SSUs.
e. none of the above
arrow_forward
ucational Platform
Data Science in the Banking Inc X
platform.everfi.net/curriculum/show?enrollment_id=69798194#m01/201/page-06
Resources Planner-ProgressB.. Dashboard-Home..
Classes M G-Mail
MG-Mail E EVERFI Login
Graphs and Charts
Cass and Kyon visualize data in many different ways, but the graphs or charts they
choose need to match the information they want to display.
Select each item and drag it to the correct location.
Pie Chart
Simple Bar Chart
Breakdown of Types of Spending for a
Customer
O
S
Line Graph
Trends of Interest Rates
Scatter Plot
LIGH
Glossary
WHO
US
arrow_forward
The following are correct statements about the composition of Financial Markets,
EXCEPT:
O Financial Transactions can be categorized as Direct Finance and Indirect Finance
types.
OIndirect Finance occurs when a financial intermediary conducts the transaction
between savers and borrowers.
If a Commercial Bank uses money from depositors and lend the money to a
corporation, that is considered Direct Finance.
OIf a Corporation issues stocks and sells it to individual investors, that is
considered Direct Finance.
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1. The structure of financial markets is
influenced by the problems relating to
asymmetric information. For each of the
market characteristics below, indicate
whether the problem arises because of
Adverse Selection or Moral Hazard.
(1=Adverse Selection, 2=Moral Hazard)
The SEC requires disclosure of
annual operations to current shareholders.
The most used sources of extern
funds for a company are loans, not stocks o
bonds.
JCPenney will find it easier to issi
stock than the Charlie's Store in
downtownVermillion.
Loan contracts include language-
restricting the borrower's actions
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There are various theoretical reasons why economies of scale should occur in the banking industry:
1 Specialization of labour. There is considerable scope for this as cashiers, loan officers, account managers, foreign exchange managers, investment analysts and programmers can all increase their productivity with increased volume of output.
2 Indivisibilities. Banks make use of much computer and telecommunications technology. Larger institutions are able to use better equipment and spread fixed costs more easily.
3 Marketing. Much of this involves fixed costs, in terms of reaching a given size of market; large institutions can again spread these costs more easily.
4 Financial. Banks have to raise finance, mainly from depositors. Larger banks can do this more easily and at lower cost, meaning that they can afford to offer their depositors lower interest rates.
There are also reasons why banks should gain from economies of scope; many of their products are related and banks have…
arrow_forward
There are various theoretical reasons why economies of scale should occur in the banking industry:
1 Specialization of labour. There is considerable scope for this as cashiers, loan officers, account managers, foreign exchange managers, investment analysts and programmers can all increase their productivity with increased volume of output.
2 Indivisibilities. Banks make use of much computer and telecommunications technology. Larger institutions are able to use better equipment and spread fixed costs more easily.
3 Marketing. Much of this involves fixed costs, in terms of reaching a given size of market; large institutions can again spread these costs more easily.
4 Financial. Banks have to raise finance, mainly from depositors. Larger banks can do this more easily and at lower cost, meaning that they can afford to offer their depositors lower interest rates.
There are also reasons why banks should gain from economies of scope; many of their products are related and banks have…
arrow_forward
There are various theoretical reasons why economies of scale should occur in the banking industry:
1 Specialization of labour. There is considerable scope for this as cashiers, loan officers, account managers, foreign exchange managers, investment analysts and programmers can all increase their productivity with increased volume of output.
2 Indivisibilities. Banks make use of much computer and telecommunications technology. Larger institutions are able to use better equipment and spread fixed costs more easily.
3 Marketing. Much of this involves fixed costs, in terms of reaching a given size of market; large institutions can again spread these costs more easily.
4 Financial. Banks have to raise finance, mainly from depositors. Larger banks can do this more easily and at lower cost, meaning that they can afford to offer their depositors lower interest rates.
There are also reasons why banks should gain from economies of scope; many of their products are related and banks have…
arrow_forward
There are various theoretical reasons why economies of scale should occur in the banking industry:
1 Specialization of labour. There is considerable scope for this as cashiers, loan officers, account managers, foreign exchange managers, investment analysts and programmers can all increase their productivity with increased volume of output.
2 Indivisibilities. Banks make use of much computer and telecommunications technology. Larger institutions are able to use better equipment and spread fixed costs more easily.
3 Marketing. Much of this involves fixed costs, in terms of reaching a given size of market; large institutions can again spread these costs more easily.
4 Financial. Banks have to raise finance, mainly from depositors. Larger banks can do this more easily and at lower cost, meaning that they can afford to offer their depositors lower interest rates.
There are also reasons why banks should gain from economies of scope; many of their products are related and banks have…
arrow_forward
There are various theoretical reasons why economies of scale should occur in the banking industry:
1 Specialization of labour. There is considerable scope for this as cashiers, loan officers, account managers, foreign exchange managers, investment analysts and programmers can all increase their productivity with increased volume of output.
2 Indivisibilities. Banks make use of much computer and telecommunications technology. Larger institutions are able to use better equipment and spread fixed costs more easily.
3 Marketing. Much of this involves fixed costs, in terms of reaching a given size of market; large institutions can again spread these costs more easily.
4 Financial. Banks have to raise finance, mainly from depositors. Larger banks can do this more easily and at lower cost, meaning that they can afford to offer their depositors lower interest rates.
There are also reasons why banks should gain from economies of scope; many of their products are related and banks have…
arrow_forward
There are various theoretical reasons why economies of scale should occur in the banking industry:
1 Specialization of labour. There is considerable scope for this as cashiers, loan officers, account managers, foreign exchange managers, investment analysts and programmers can all increase their productivity with increased volume of output.
2 Indivisibilities. Banks make use of much computer and telecommunications technology. Larger institutions are able to use better equipment and spread fixed costs more easily.
3 Marketing. Much of this involves fixed costs, in terms of reaching a given size of market; large institutions can again spread these costs more easily.
4 Financial. Banks have to raise finance, mainly from depositors. Larger banks can do this more easily and at lower cost, meaning that they can afford to offer their depositors lower interest rates.
There are also reasons why banks should gain from economies of scope; many of their products are related and banks have…
arrow_forward
There are various theoretical reasons why economies of scale should occur in the banking industry:
1 Specialization of labour. There is considerable scope for this as cashiers, loan officers, account managers, foreign exchange managers, investment analysts and programmers can all increase their productivity with increased volume of output.
2 Indivisibilities. Banks make use of much computer and telecommunications technology. Larger institutions are able to use better equipment and spread fixed costs more easily.
3 Marketing. Much of this involves fixed costs, in terms of reaching a given size of market; large institutions can again spread these costs more easily.
4 Financial. Banks have to raise finance, mainly from depositors. Larger banks can do this more easily and at lower cost, meaning that they can afford to offer their depositors lower interest rates.
There are also reasons why banks should gain from economies of scope; many of their products are related and banks have…
arrow_forward
There are various theoretical reasons why economies of scale should occur in the banking industry:
1 Specialization of labour. There is considerable scope for this as cashiers, loan officers, account managers, foreign exchange managers, investment analysts and programmers can all increase their productivity with increased volume of output.
2 Indivisibilities. Banks make use of much computer and telecommunications technology. Larger institutions are able to use better equipment and spread fixed costs more easily.
3 Marketing. Much of this involves fixed costs, in terms of reaching a given size of market; large institutions can again spread these costs more easily.
4 Financial. Banks have to raise finance, mainly from depositors. Larger banks can do this more easily and at lower cost, meaning that they can afford to offer their depositors lower interest rates.
There are also reasons why banks should gain from economies of scope; many of their products are related and banks have…
arrow_forward
There are various theoretical reasons why economies of scale should occur in the banking industry:
1 Specialization of labour. There is considerable scope for this as cashiers, loan officers, account managers, foreign exchange managers, investment analysts and programmers can all increase their productivity with increased volume of output.
2 Indivisibilities. Banks make use of much computer and telecommunications technology. Larger institutions are able to use better equipment and spread fixed costs more easily.
3 Marketing. Much of this involves fixed costs, in terms of reaching a given size of market; large institutions can again spread these costs more easily.
4 Financial. Banks have to raise finance, mainly from depositors. Larger banks can do this more easily and at lower cost, meaning that they can afford to offer their depositors lower interest rates.
There are also reasons why banks should gain from economies of scope; many of their products are related and banks have…
arrow_forward
5. Consider the set-up in the lecture slides on credit: There are two borrowers (denoted by S and R respectively) each of whom need 1 unit of credit for an investment. There is one lender (denoted by L) with one unit of credit and can only lend to one borrower. both the lender and borrowers are risk-neutral (that is, they only care about the expected profits and expected returns respectively). Further, the borrowers and lender have a reservation return of zero (that is, they will undertake to borrow or lend as long as the expected return or profit is strictly greater than zero). Finally, each borrower will repay if she is able to and nothing is repaid if the investment fails (i.e. there is limited liability).
(a) Suppose that there are two states of the world (g,b) each occurring with equal probability. In state g the return to S is 1.4 and R’s return is 1 + d for some d > 0. In state b, S’s return is 1.4 and R’s return is 0. Suppose that the bank can charges a separate interest…
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use the term Commercial Banks to answer the question below
Explain the purpose of this type of financial institution.
Does this type of financial institution have different categories? (For example, commercial banks can be national, regional, local, or online.)
Depository or Non-Depository? Explain.
What are the primary services and products this type of financial institution offers clients/customers?
How do they generate revenue/income? Is any of this revenue/income given back to the customers?
Is there any type of insurance covering customers in case of failure for this financial institution?
Find one (real life) example of this type of financial institution. For this example, include the following information:
Name of institution
Location (main branch/home office)
List of products/services
How do they advertise to acquire new customers?
Why would a customer choose this particular institution over its competitors? (You will have to explore their website and competitors’…
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1) The interest rate earned on a money market deposit account is generally higher than the interest earned on a Bank savings account.
2) What are short-term notes of debt issued by the federal government commonly called?
A) T-Bills
B) T-Notes
C) T-Bonds
D) T-Accounts
E) None of the above are correct.
3) What is the name for comprehensive financial services packages offered by brokerage firms?
A) asset management accounts
B) comprehensive management accounts
C) platinum management accounts
D) consolidated management accounts
E) None of the above are correct.
4) Money market mutual funds provide an alternative to traditional liquid investments offered by financial institutions. Advantages of MMMFs include which of the following?
A) high interest rates
B) check-writing privileges
C) minimal risk
D) convenience--deposits made through payroll deductions
E) All of the above are correct.
5) A savings alternative that pays a fixed rate…
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20. The discount rate is defined as follows:
a) the interest rate commercial banks charge each other for lending funds.
b) the interest rate commercial banks charge their new customers.
c) the interest rate that the Fed charges commercial banks for lending funds
d) none of the above
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What has allowed financial institutions to increase the speed of financial transactions?
increased numbers of defaults on loans
computer systems designed to manage and automate transactions
O avoidance of electronic funds transfer by most people
reliance on paper ledgers for tracking accounts
arrow_forward
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- Apex Learning - Courses m/public/activity/5000001/assessment L Pretest: Unit 5 Question 4 of 20 Why do banks practice fractional reserve banking? A. It ensures that all customers can withdraw their funds at once. B. It allows them to lend more money than they hold in deposits. C. It increases the value of collateral used to secure mortgages. D. It encourages customers to accept higher interest rates on loans. SUBN PREVIOUS O Oarrow_forwardQuestion 13 Select the correct statement: Your interest rate on your loan with the credit card company can go up big O A. time if you make late payments, or go over your credit limit. Your interest rates on your loan with many credit card companies can go up O B. big time if you make late payments on other bills that have nothing to do with your credit card. Your interest rate on your loan with many credit card companies can go up C. big time for no reason at all. O D. All of the above. Question 14 Save and Quit s a really tough question. Select the correct statement: DELL 24 &arrow_forwardFinancial intermediaries are firms that: match buyers and sellers of bonds. O conduct open market operations. match buyers and sellers of stocks. extend credit to borrowers using funds from savers.arrow_forward
- O Assignment for Tuesday, Decem x E EverFi Educational Platform E Module 1: Banking Basics | a01 x net/curriculum/show?enrollment_id%3D48094637#m01-banking-basics/a01/p02 MODULE 1 Banking Basics Glessary Assessment Question 1/5 Which of the following is NOT a common feature of a financial institution? Checking and savings accounts O Direct deposit O Access to investment advice O Paper checks Sign out DELL 7arrow_forwardWhich of the following statements is FALSE? Select one: Base lending rate of a loan does not depend on the credit risk of borrower Short-term loans are appropriate to finance seasonal increase in inventory of a bank's client The interest rate on a floating rate loan is reset periodically by the bank O d. Higher leverage of a borrower increases the credit risk to the bank O e. All else remaining same, secured loans are usually costlier than unsecured loans to the borrowerarrow_forwardPaysl Question 20 Which one of the following is an incorrect statement about US financial system? O Saving and investment are important determinants of long run growth in GDP and living standards. O The primary advantage of mutual funds is that they allow people with small amounts of money to diversity their holdings O Financial Intermediaries are financial institutions through which savers can directly provide funds to borrowers O The institutions that make up this system-the bond market, the stock market, banks, and mutual funds-- have the role of coordinating the economy's saving and investment. Question 21 Which one of the folawing is an incorrect statement about the history of The US Central Bank? O In 1836. President Andrew Jackson closed the Second Bank of the United States (SBUS) because of his deep distrust of financial elites. It led to a period of rapid monetary expansion and inflation, which was soon folowed by financial panics in 1837 and 1839 and a severe recession O The…arrow_forward
- Name a of product or service which the banks render. Name the inputs that are required to produce these goods or services. Relate the concepts of microeconomic theory with respect to the supply and demand of the inputs required to produce the good/s and the good/s itself. Consider relating to elasticity/inelasticity; substitutes and complements; derived demand; marginal costing; rival / non-rival goods; price formation.arrow_forwardlling MOST of the financial funds in USA. The following are true general statements about Financial Instruments and Trading Markets, EXCEPT: Stocks are considered more risky type of investmet than Bonds. O Stock holders are residual claimants. Stocks are only traded in the Primary Markets. In the Secondary Markets securities are continuously resold.arrow_forwardQuestion 9 Which of the following takes place in the direct finance market? O Ownership in corporations is sold in the form of preferred stock. O Firms borrow funds from banks. O Banks offer savings accounts to customers. O Deposits from savers are accumulated and loans made to borrowers.arrow_forward
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arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
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