Bank Management 8th edition by Timothy W. Koch Test bank

1. Sarbanes-Oxley Act
2. Bank Holding Company Act
3. Competitive Equality Banking Act
4. Gramm-Leach-Bliley Act
5. Financial Institutions Reform, Recovery and Enforcement Act

Answer: d
 

20. The Federal Reserve may prevent the formation of a financial holding company if one of its insured depository institution subsidiaries:

1. received an unsatisfactory in its most recent Community Reinvestment Act exam.
2. has branches across state lines.
3. is part of a bank holding company.
4. makes subprime loans.
5. is well capitalized.

Answer: a
 
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21. A financial holding company cannot own which of the following?

1. A bank.
2. A bank holding company.
3. A thrift.
4. A thrift holding company.
5. A financial holding company may own all of the above.

Answer: e
 

22. The parent bank holding company assists bank subsidiaries with all of the following except:

1. asset and liability management.
2. strategic planning.
3. loan review.
4. deposit insurance.
5. business development.

Answer: d
 

23. ___-corps have favorable tax treatment because a qualifying firm does not pay corporate income taxes.

1. C
2. Q
3. S
4. V
5. Z

Answer: c
 

24. S-corps must have no more than ___ shareholders.

1. 10
2. 50
3. 100
4. 500
5. 1,000

Answer: c
 

25. Deposits at credit unions are insured by the:

1. National Credit Union Association.
2. Federal Credit Union Administration.
3. Federal Reserve.
4. Federal Deposit Insurance Corporation.
5. Credit Union Insurance Corporation.

Answer: a

26. In 2010, Congress passed the ______________ which addressed a wide range of problems associated with the financial crisis, including Too Big to Fail banks.

1. Sarbanes-Oxley Act
2. Troubled Asset Relief Program
3. Glass-Steagall Act
4. Gramm-Leach-Bliley Act
5. Dodd-Frank Act

Answer: e
 

27. ______________ refers to the process of pooling a group of assts with similar features and issuing securities that are collateralized by the assets.

1. Originate-to-Resell
2. Securitization
3. Mortgage Collateralization
4. Deposit Origination
5. Loan-to-Distribute

Answer: b
 

28. Deposit insurance was increased to __________ per depositor in 2008.

1. $100,000
2. $150,000
3. $250,000
4. $300,000
5. $500,000

Answer: c
 

29. The primary appeal of online banking is:

1. prevention of identity theft.