Part 1: Fill in the blank (2 points each; 30 points total)
What does the abbreviation stand
Collateralized debt obligation
Credit default swap
The state banking commissions (at the state level) and the Office of the
Comptroller of the Currency (at the federal level) are the only ones able to
issue a(n) _ for a new U.S. bank.
A(n) _ is an asset which can be converted into cash easily,
which has a relatively stable price, and is reversible so that the sellers can
recover their original investment with little risk of loss.
The _ view of assets and liabilities held that the amount and
types of deposits was primarily determined by customers and hence the key
decision a bank needed to make was with the assets.
and Structure of
CHAPTER 3 - THE ORGANIZATION AND STRUCTURE OF BANKING
focus on providing traditional banking services in their local
obtain most of their core deposits locally
An Overview of the
Is Banking Dying?
Banking is Evolving
1-2 What Is A Bank
A Bank can be defined in terms of
economic functions it serves
They take your money; they give you money
services it of