322-24

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Author:
SAngell3
ID:
223269
Filename:
322-24
Updated:
2013-06-10 15:29:45
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322 24
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Description:
322-24
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  1. The "Chinese wall" separates bank activities of security underwriting and brokering and investment advising to clients.  

    A) True  
    B) False
    A) True  
  2. A traditional bank that also provides insurance, securities trading, and real estate brokering performs what is referred to as Universal banking.  

    A) True  
    B) False
    A) True  
  3. Developing nations have turned to international banks as their primary source of debt.  

    A) True  
    B) False
    A) True  
  4. The Basel II Accord created a more rigid system for determining bank capital requirements than did the Basel I Agreement.  
    A) True  
    B) False
    B) False
  5. Any foreign bank seeking to buy more than 5 percent of the stock of a U.S. bank or bank holding company must receive Securities and Exchange Commission approval prior to making the acquisition.  

    A) True  
    B) False
    B) False
  6. In order to subscribe to a Eurobond issue, a group of banks must agree to come together in what is called a:  

    A) quorum.  
    B) security partner (SPA).  
    C) cooperative trust.  
    D) best-efforts sales agreement.  
    E) none of the above
    E) none of the above
  7. The changing of relative prices of foreign and domestic currencies is known as:  

    A) transfer risk.  
    B) currency risk.  
    C) political risk.  
    D) trading risk.  
    E) none of the above
    B) currency risk.  
    (this multiple choice question has been scrambled)
  8. The principle that permits foreign-owned banks to possess the same powers as domestic banks in the U.S. is called:  

    A) right to operate.  
    B) mutual nondiscrimination.  
    C) fairness.  
    D) equal-opportunity.  
    E) none of the above
    B) mutual nondiscrimination.
    (this multiple choice question has been scrambled)
  9. In 1983 a law was passed which required American banks to post special reserves to cover possible losses on their foreign loans, known as the:  

    A) Foreign Loan Risk Act.  
    B) Basle Agreement.  
    C) Foreign Capital Reserves Act.  
    D) International Lending and Supervision Act.  
    E) none of the above.
    D) International Lending and Supervision Act.  
    (this multiple choice question has been scrambled)
  10. When a bank bundles consumer credit-card receivables and sells the resulting securities in the open market it is called:  

    A) note issuance facility.  
    B) underwriting.  
    C) factoring receivables.
    D) capital enhancements.  
    E) securitizing loans.  
    E) securitizing loans.  
    (this multiple choice question has been scrambled)

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