ch3 - ch3Key

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ch3 Key 1. A(n) ___________________ is a machine located at the merchant's place of business which allows depositors to use their debit card to pay for purchases directly. POS Rose - Chapter 03 #1 2. A(n) _____________________ is a bank which offers its fill range of services from several locations. branch bank Rose - Chapter 03 #2 3. A(n) _____________________ is a bank which offers its full range of services from only one location. unit bank Rose - Chapter 03 #3 4. A(n)________________________ is a corporation chartered for the express purpose of holding the stock of one or more banks. bank holding company Rose - Chapter 03 #4 5. Managers who value fringe benefits, plush offices and ample travel budgets over the pursuit of maximum returns for stockholders are exhibiting signs of __________________________. expense preference behavior Rose - Chapter 03 #5
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6. A(n) __________________________ can invest in corporate stock as sell as loan money to help finance the start of new ventures or support the expansion of existing businesses. Merchant bank Rose - Chapter 03 #6 7. A bank which operates exclusively over the internet is known as a ___________ bank. virtual Rose - Chapter 03 #7 8. One new 21st century bank organizational structures is _____________________ . This is a special type of holding company that may offer the broadest range of services. Financial Holding Company (FHC) Rose - Chapter 03 #8 9. 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. span of control Rose - Chapter 03 #9 10. The Gramm-Leach-Bliley Act moved the U.S. banking industry closer to __________________ banking in which banks merger with security and insurance firms and sell other financial products as well. universal Rose - Chapter 03 #10 11. A bank that is not associated with a bank holding company is called a(n) ________________ bank. independent Rose - Chapter 03 #11
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12. _____________________________ is a view of how modern corporations operate which analyzes the relationship between a firm's owners and its managers. Agency theory Rose - Chapter 03 #12 13. Many experts believe that _________________________, the relationships that exist between managers, the board of directors and stockholders, is more complicated in financial institutions because of government regulations. Corporate Governance Rose - Chapter 03 #13 14. _________________________________ is the idea that there will be a lower cost of production per unit as the firm gets larger. Economies of scale
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ch3 - ch3Key

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