ch14 - ch14 Student: _ 1. When bank customers purchase...

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ch14 Student: ___________________________________________________________________________ 1. When bank customers purchase stocks, bonds, mutual funds, and annuities through the bank, these products are referred to as ________________________. ________________________________________ 2. A(n) __________________ mutual fund is a mutual fund offered through a bank's affiliated company. The bank acts as a transfer agent, custodian and offers investment advise in this type of mutual fund. ________________________________________ 3. A(n) _________________________ promises a customer who deposits a lump sum a guaranteed rate of return over the life of the contract. This type of investment generates a continuous, level income stream over the life of the contract. ________________________________________ 4. A(n) _________________________ gives the bank the right to manage the estate of a living person without a court order. This can be amended by the customer as desired. ________________________________________ 5. A(n) _________________________ is a savings instrument in which the customer makes cash payments to an investment manager who invests them in an earning asset. Later the purchaser receives a stream of income from those assets. ________________________________________ 6. _________________________ is the bringing together of two or more firms from different industries in order to create a conglomerate offering multiple services. ________________________________________ 7. The _________________________ _________________________brings more than one product or service together to reduce the overall risk of the revenue flows through the company. ________________________________________ 8. _________________________ are the potential cost savings that result from being able to use the same management, employees and physical resources to offer multiple products. ________________________________________ 9. A(n) _________________________ is a contract that promises to pay a cash payment to the beneficiary in the event of the death of the policy holder. ________________________________________ 1
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10. A(n) _________________________ _________________________ is a contract that promises to reimburse policy holders for personal injury, property damage and other losses in exchange for the policy holder's premium payments. ________________________________________ 11. The most rapidly growing source of income for banks is ________ income. ________________________________________ 12. Trust department activities usually center upon establishing a ____________ relationship with a customer. ________________________________________ 13. The trust department can be a significant source of ____________ for a bank or financial holding company.
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ch14 - ch14 Student: _ 1. When bank customers purchase...

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