ch4 - ch4 Key 1. The state banking commissions (at the...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: ch4 Key 1. The state banking commissions (at the state level) and the Office of the Comptroller (at the federal level) are the only ones able to issue a(n)______________________ for a new U.S. bank. charter Rose - Chapter 04 #1 2. The______________________ issues charters for new national banks. Comptroller of the currency Rose - Chapter 04 #2 3. The____________________________________________ issues charters for new state banks. state banking commission Rose - Chapter 04 #3 4. ______________________ is demonstrated by organizers of new banks by showing that local banks are not conveniently located or fail to offer some key services. public need Rose - Chapter 04 #4 5. Banks which offer services from inside grocery stores and other retail outlets are offering services from a(n)______________________ branch. in-store Rose - Chapter 04 #5 6. A(n)______________________ terminal in a retail store allows a customer to pay for goods and services by instantly debiting their checking account. POS Rose - Chapter 04 #6 7. A(n)______________________ combines a computer terminal, record keeping system and vault cash in one unit allowing customers to withdraw money, check deposit balances and which may provide other limited services 24 hours a day. ATM Rose - Chapter 04 #7 8. "Virtual" banks are found on the______________________ and more and more banks are using this medium to deliver selected services. Internet Rose - Chapter 04 #8 9. A(n)______________________ is a full service facility which offers many of the same services as the home or main office. branch office Rose - Chapter 04 #9 10. The______________________ can be calculated when the present value of the future net cash flows are set equal to the initial cash outflow. It is the interest rate that is actually earned on a new project. expected rate of return (internal rate of return) Rose - Chapter 04 #10 11. ____________________________________________ reduces a bank's overall risk exposure by establishing service facilities in different market areas. Geographic diversification Rose - Chapter 04 #11 12. A(n) ______________________ is a bank that offers its services only through the Internet. It does not have any brick and mortar offices. virtual bank Rose - Chapter 04 #12 13. ____________________________________________ will allow customers to carry pocket-sized terminals with them and pay for goods and services and transfer funds as needed from this pocket terminal. These are already popular in Europe. digital cash (or smart cards) Rose - Chapter 04 #13 14. The acronym ACH stands for _______________. automated clearinghouse Rose - Chapter 04 #14 15. For most of the history of financial service providers, convenience' has meant ______________....
View Full Document

This note was uploaded on 10/15/2008 for the course FINA 4443 taught by Professor Mattews during the Fall '08 term at Texas A&M.

Page1 / 18

ch4 - ch4 Key 1. The state banking commissions (at the...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online