Chapter 7
Risk Management for Changing Interest Rates: Asset-Liability Management and Duration Techniques
Fill in the Blank Questions
1. 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.
Answer: asset management
2. Recent decades have ushered in dramatic changes in banking. The goal of __________________
was simply to gain control of the bank's sources of funds.
Answer: liability management
3. The__________________________ is the interest rate that equalizes the current market price of a
bond with the present value of the future cash flows.
Answer: yield to maturity (YTM)
4. The __________________ risk premium on a bond allows the investor to be compensated for their
projected loss in purchasing power from the increase in the prices of goods and services in the
future.
Answer: inflation
5. The __________________ shows the relationship between the time to maturity and the yield to
maturity of a bond. It is usually constructed using treasury securities since they are assumed to
have no default risk.
Answer: yield curve
6. The __________________ risk premium on a bond reflects the differences in the ease and ability to
sell the bond in the secondary market at a favorable price.
Answer: liquidity
7. __________________________ are those assets which mature or must be repriced within the
planning period.
Answer: Interest-sensitive assets
8. __________________________ is the difference between interest-sensitive assets and
interest-sensitive liabilities.
Answer: Dollar interest-sensitive gap
9. A(n)__________________________ means that the bank has more interest-sensitive liabilities
than interest-sensitive assets.
Answer: negative interest-sensitive gap (liability sensitive)
10. The bank's__________________________ takes into account the idea that the speed (sensitivity)
of interest rate changes will differ for different types of assets and liabilities.
Answer: weighted interest-sensitive gap
11. __________________________ is the coordinated management of both the bank's assets and its
liabilities.
Answer: Funds management
12. __________________________ is the risk due to changes in market interest rates which can
adversely affect the bank's net interest margin, assets and equity.
Answer: Interest rate risk
13. The__________________________ is the rate of return on a financial instrument using a 360 day
year relative to the instrument's face value.
Answer: bank discount rate
14. The __________________________ component of interest rates is the risk premium due to the
probability that the borrower will miss some payments or will not repay the loan.
Answer: default risk premium
15. __________________ is the weighted average maturity for a stream of future cash flows. It is a
direct measure of price risk.
Answer: Duration
16. __________________________ is the difference between the dollar-weighted duration of the asset
portfolio and the dollar-weighted duration of the liability portfolio.
Answer: Duration gap
17. A(n)__________________________ duration gap means that for a parallel increase in all interest
rates the market value of net worth will tend to decline.
Answer: positive
18. A(n)__________________________ duration gap means that for a parallel increase in all interest
rates the market value of net worth will tend to increase.
Answer: negative
19. The __________________ refers to the periodic fluctuations in the scale of economic activity.
Answer: business cycle
20. The__________________________ is equal to the duration of each individual type of asset
weighted by the dollar amount of each type of asset out of the total dollar amount of assets.
Answer: duration of the asset portfolio
21. The__________________________ is equal to the duration of each individual type of liability
weighted by the dollar amount of each type of asset out of the total dollar amount of assets.
Answer: duration of the liability portfolio
22. A bank is __________________ against changes in its net worth if its duration gap is equal to zero.
Answer: immunized (insulated or protected)
23. The relationship between a change in an asset's price and an asset’s change in the yield or interest
rate is captured by __________________________.
Answer: convexity
24. The change in a financial institution's __________________ is equal to difference in the duration
of the assets and liabilities times the change in the interest rate divided by the starting interest rate times the dollar amount of the assets and liabilities.
Answer: net worth
25. When a bank has a positive duration gap a parallel increase in the interest rates on the assets and
liabilities of the bank will lead to a(n) __________________ in the bank's net worth.
Answer: decrease
26. When a bank has a negative duration gap a parallel decrease in the interest rates on the assets and
liabilities of the bank will lead to a(n)_________________________ in the bank's net worth.
Answer: decrease
27. U.S. banks tend to do better when the yield curve is upward-sloping because they tend to have
____________ maturity gap positions.
Answer: positive
28.One government-created giant mortgage banking firms which have subsequently been privatized is
the .
Answer: FNMA or Fannie Mae (or FHLMC or Freddie Mac)
29.One part of interest rate risk is . This part of interest rate risk reflects
that as interest rates rise, prices of securities tend to fall.
Answer: price risk
30.One part of interest rate risk is . This part of interest rate risk reflects
that as interest rates fall, any cash flows that are received before maturity are invested at a lower interest rate.
Answer: reinvestment risk
31.When a borrower has the right to pay off a loan early which reduced the lender’s expected rate of
return it is called .
Answer: call risk
32.In recent decades, banks have aggressively sought to insulate their assets and liability portfolios
and profits from the ravages if interest rate changes. Many banks now conduct their asset-liability management strategy with the help of an which often meets daily.
Answer: asset-liability committee
33. is interest income from loans and investments less interest expenses on
deposits and borrowed funds divided by total earning assets.
Answer: Net interest margin (NIM)
34. are those liabilities that which mature or must be repriced within
the planning period.
Answer: Interest-sensitive liabilities
35.Variable rate loans and securities are included as part of for banks.
Answer: repriceable assets
36.Money market deposits are included as part of for banks.
Answer: repriceable liabilities
37.Interest sensitive assets less interest sensitive liabilities divided by total assets of the bank is known
as .
Answer: relative interest sensitive gap
38.Interest sensitive assets divided by interest sensitive liabilities is known as .
Answer: Interest sensitivity ratio
39. is a measure of interest rate exposure which is the total difference in
dollars between those assets and liabilities that can be repriced over a designated time period.
Answer: Cumulative gap
40. is the phenomenon that interest rates attached to various assets often
change by different amounts and at different speeds than interest rates attached to various
liabilities,
Answer: basis risk
True/False Questions
T F 41. Usually the principal goal of asset-liability management is to maximize or at least stabilize
a bank's margin or spread.
Answer: True
T F 42. Asset management strategy in banking assumes that the amount and kinds of deposits and other borrowed funds a bank attracts are determined largely by its management.
Answer: False
T F 43. The ultimate goal of liability management is to gain control over a financial institution's sources of funds.
Answer: True
T F 44. If interest rates fall when a bank is in an asset-sensitive position its net interest margin will rise.
Answer: False
T F 45. A liability-sensitive bank will experience an increase in its net interest margin if interest rates rise.
Answer: False
T F 46. Under the so-called liability management view in banking the key control lever banks possess over the volume and mix of their liabilities is price.
Answer: True
T F 47. Under the so-called funds management view bank management's control over assets must be coordinated with its control over liabilities so that asset and liability management are
internally consistent.
Answer: True
T F 48. Bankers cannot determine the level or trend of market interest rates; instead, they can only react to the level and trend of rates.
Answer: True
T F 49. Short-term interest rates tend to rise more slowly than long-term interest rates and to fall more slowly when all interest rates in the market are headed down.
Answer: False
T F 50. A financial institution is liability sensitive if its interest-sensitive liabilities are less than its interest-sensitive assets.
Answer: False
T F 51. If a bank's interest-sensitive assets and liabilities are equal than its interest revenues from assets and funding costs from liabilities will change at the same rate.
Answer: True
T F 52. Banks with a positive cumulative interest-sensitive gap will benefit if interest rates rise, but lose income if interest rates decline.
Answer: True
T F 53. Banks with a negative cumulative interest-sensitive gap will benefit if interest rates rise, but lose income if interest rates decline.
Answer: False
T F 54. For most banks interest rates paid on liabilities tend to move more slowly than interest rates earned on assets.
Answer: False
T F 55. Interest-sensitive gap techniques do not consider the impact of changing interest rates on stockholders equity.
Answer: True
T F 56. Interest-sensitive gap, relative interest-sensitive gap and the interest-sensitivity ratio will often reach different conclusions as to whether the bank is asset or liability sensitive.
Answer: False
T F 57. The yield curve is constructed using corporate bonds with different default risks so the bank can determine the risk/return tradeoff for default risk.
Answer: False
T F 58. Financial securities that are the same in all other ways may have differences in interest rates that reflect the differences in the ease of selling the security in the secondary market at
a favorable price.
Answer: True
T F 59. Financial institutions face two major kinds of interest rate risk. These risks include price risk and reinvestment risk.
Answer: True
T F 60. Interest-sensitive gap and weighted interest-sensitive gap will always reach the same conclusion as to whether a bank is asset sensitive or liability sensitive.
Answer: False
T F 61. Weighted interest-sensitive gap is less accurate than interest-sensitive gap in determining the affect of changes in interest rates on net interest margin.
Answer: False
T F 62. A bank with a positive duration gap experiencing a rise in interest rates will experience an increase in its net worth.
Answer: False
T F 63. A bank with a negative duration gap experiencing a rise in interest rates will experience an increase in its net worth.
Answer: True
T F 64. Duration is a direct measure of the reinvestment risk of a bond.
Answer: False
T F 65. A bank with a positive duration gap experiencing a decrease in interest rates will experience an increase in its net worth.
Answer: True
T F 66. A bank with a negative duration gap experiencing a decrease in interest rates will experience an increase in its net worth.
Answer: False
T F 67. Duration is the weighted average maturity of a promised stream of future cash flows.
Answer: True
T F 68. Duration is a direct measure of the price risk of a bond.
Answer: True
T F 69. A bond with a greater duration will have a smaller price change in percentage terms when interest rates change.
Answer: False
T F 70. Long-term interest rates tend to change very little with the cycle of economic activity.
Answer: True
T F 71. A bank with a duration gap of zero is immunized against changes in the value of net worth due to changes in interest rates in the market.
Answer: True
T F 72. Convexity is the idea that the rate of change of an asset's price varies with the level of interest rates.
Answer: True
T F 73. The change in the market price of an asset's price from a change in market interest rates is roughly equal to the asset's duration times the change the interest rate divided by the
original interest rate.
Answer: True
T F 74. U.S. banks tend to do better when the yield curve is upward-sloping.
Answer: True
T F 75. Net interest margin tends to rise for U.S. banks when the yield curve is upward-sloping.
Answer: True
T F 76. Financial institutions laden with home mortgages tend be immune to interest-rate risk.
Answer: False
T F 77. If a Financial Institution's net interest margin is immune to interest-rate risk then so is its net worth.
Answer: False
Multiple Choice Questions
78.When is interest rate risk for a bank greatest?
A)When interest rates are volatile.
B)When interest rates are stable.
C)When inflation is high.
D)When inflation is low.
E)When loan defaults are high.
Answer: A
79. A bank’s IS GAP is defined as:
A)The dollar amount of rate-sensitive assets divided by the dollar amount of rate-sensitive
liabilities.
B)The dollar amount of earning assets divided by the dollar amount of total liabilities.
C)The dollar amount of rate-sensitive assets minus the dollar amount of rate-sensitive liabilities.
D)The dollar amount of rate-sensitive liabilities minus the dollar amount of rate-sensitive assets.
E)The dollar amount of earning assets times the average liability interest rate.
Answer: C
80.According to the textbook, the maturing of the liability management techniques, coupled with more
volatile interest rates, gave birth to the __________________ approach which dominates banking today. The term that correctly fills in the blank in the preceding sentence is:
A) Liability management
B) Asset management
C) Risk management
D) Funds management
E) None of the above.
Answer: D
81.The principal goal of interest-rate hedging strategy is to hold fixed a bank's:
A) Net interest margin
B) Net income before taxes
C) Value of loans and securities
D) Noninterest spread
E) None of the above.
Answer: A
82. A bank is asset sensitive if its:
A) Loans and securities are affected by changes in interest rates.
B) Interest-sensitive assets exceed its interest-sensitive liabilities.
C) Interest-sensitive liabilities exceed its interest-sensitive assets.
D) Deposits and borrowings are affected by changes in interest rates.
E) None of the above.
Answer: B
83.The change in a bank's net income that occurs due to changes in interest rates equals the overall
change in market interest rates (in percentage points) times _____________. The choice below that correctly fills in the blank in the preceding sentence is:
A) Volume of interest-sensitive assets
B) Price risk of the bank's assets
C) Price risk of the bank's liabilities
D) Size of the bank's cumulative gap
E) None of the above.
Answer: D
84. A bank with a negative interest-sensitive GAP:
A) Has a greater dollar volume of interest-sensitive liabilities than interest-sensitive assets.
B) Will generate a higher interest margin if interest rates rise.
C) Will generate a higher interest margin if interest rates fall.
D) A and B.
E) A and C.
Answer: E
85.The net interest margin of a bank is influenced by:
A) Changes in the level of interest rates.
B) Changes in the volume of interest-bearing assets and interest-bearing liabilities.
C) Changes in the mix of assets and liabilities in the bank's portfolio.
D) All of the above.
E) A and B only.
Answer: D
86.The discount rate that equalizes the current market value of a loan or security with the expected
stream of future income payments from that loan or security is known as the:
A) Bank discount rate
B) Yield to maturity
C) Annual percentage rate (APR)
D) Add-on interest rate
E) None of the above.
Answer: B
87.The interest-rate measure often quoted on short-term loans and money market securities such as
U.S. Treasury bills is the:
A) Bank discount rate
B) Yield to maturity
C) Annual percentage rate (APR)
D) Add-on interest rate
E) None of the above
Answer: A
88. A bank whose interest-sensitive assets total $350 million and its interest-sensitive liabilities
amount to $175 million has:
A) An asset-sensitive gap of 525 million
B) A liability-sensitive gap of $175 million
C) An asset-sensitive gap of $175 million
D) A liability-sensitive gap of $350 million
E) None of the above.
Answer: C
89. A bank has a 1-year $1,000,000 loan outstanding, payable in four equal quarterly installments.
What dollar amount of the loan would be considered rate sensitive in the 0 – 90 day bucket?
A)$0
B)$250,000
C)$500,000
D)$750,000
E)$1,000,000
Answer: B
90. A bank has Federal funds totaling $25 million with an interest rate sensitivity weight of 1.0. This
bank also has loans of $105 million and investments of $65 million with interest rate sensitivity weights of 1.40 and 1.15 respectively. This bank also has $135 million in interest-bearing deposits with an interest rate sensitivity weight of .90 and other money market borrowings of $75 million with an interest rate sensitivity weight of 1.0. What is the weighted interest-sensitive gap for this bank?
A) $50.25
B) $-15
C) -$50.25
D) $34.25
E) None of the above
Answer: A
91. A bond has a face value of $1000 and five years to maturity. This bond has a coupon rate of 13
percent and is selling in the market today for $902. Coupon payments are made annually on this bond. What is the yield to maturity (YTM) for this bond?
A) 13%
B) 12.75%
C) 16%
D) 11.45%
E) Cannot be calculated from the information given
Answer: C
92. A treasury bill currently sells for $9,845, has a face value of $10,000 and has 46 days to maturity.
What is the bank discount rate on this security?
A) 12.49%
B) 12.13%
C) 12.30%
D) 2%
E) None of the above
Answer: B
93.The _______________ is determined by the demand and supply for loanable funds in the market.
The term that correctly fills in the blank in the preceding sentence is:
A) The yield to maturity
B) The banker's discount rate
C) The holding period return
D) The risk-free real rate of interest
E) The market rate of interest on a risky loan
Answer: D
94. A bank with a positive interest-sensitive gap will have a decrease in net interest income when
interest rates in the market:
A) Rise
B) Fall
C) Stay the same
D) A bank with a positive interest-sensitive gap will never have a decrease in net interest income
Answer: B
95.The fact that a consumer who purchases a particular basket of goods for $100 today has to pay $105
next year for the same basket of goods is an example of which of the following risks:
A) Inflation risk
B) Default risk
C) Liquidity risk
D) Price risk
E) Maturity risk
Answer: A
96. A bank has Federal Funds totaling $25 million with an interest rate sensitivity weight of 1.0. This
bank also has loans of $105 million and investments of $65 million with interest rate sensitivity weights of 1.40 and 1.15 respectively. This bank also has $135 million in interest-bearing deposits with an interest rate sensitivity weight of .90 and other money market borrowings of $75 million with an interest rate sensitivity weight of 1.0. What is the dollar interest-sensitive gap for this bank?
A) $50.25
B) $-15
C) -$50.25
D) $34.25
E) None of the above
Answer: B
97.If a bank has a positive GAP, an increase in interest rates will cause interest income to __________,
interest expense to__________, and net interest income to __________.
A)Increase, increase, increase
B)Increase, decrease, increase
C)Increase, increase, decrease
D)Decrease, decrease, decrease
E)Decrease, increase, increase
Answer: A
98.If a bank has a negative GAP, a decrease in interest rates will cause interest income to __________,
interest expense to__________, and net interest income to __________.
A)Increase, increase, increase
B)Increase, decrease, increase
C)Increase, increase, decrease
D)Decrease, decrease, decrease
E)Decrease, decrease, increase
Answer: E
99. A treasury bill currently sells for $9,845, has a face value of $10,000 and has 46 days to maturity.
What is the yield to maturity on this security?
A) 12.49%
B) 12.13%
C) 12.30%
D) 2%
E) None of the above
Answer: A
100.The Third National Bank of Edmond reports a net interest margin of 5.83%. It has total interest revenues of $275 million and total interest expenses of $210 million. What does this bank's
earnings assets have to be?
A) $4717 million
B) $3602 million
C) $1115 million
D) $3.790 million
E) None of the above
Answer: C
101.The Third National Bank of Edmond reports a net interest margin of 5.83%. It has total interest revenues of $275 million and total interest expenses of $210 million. This bank has earnings assets of $1115. Suppose this bank's interest revenues rise by 8 percent and its interest expenses and earnings assets rise by 10 percent next year. What is this bank's new net interest margin?
A) 5.83%
B) 7.09%
C) 3.59%
D) 5.38%
E) 7.80%
Answer: D
102. Which of the following is part of funds management?
A) The goal of funds management is simply to gain control over the bank's funds sources.
B) Since the amount of deposits a bank holds is determined largely by its customers, the focus of
the bank should be on managing the assets of the bank.
C) Management of the bank's assets must be coordinated with management of the bank's
liabilities.
D) The spread between interest revenues and interest expenses is unimportant.
E) None of the above
Answer: C
103. If Fifth National Bank's asset duration exceeds its liability duration and interest rates rise, this will tend to __________________ the market value of the bank's net worth.
A) Lower
B) Raise
C) Stabilize
D) Not affect
E) None of the above
Answer: A
104.If Main Street Bank has $100 million in commercial loans with an average duration of 0.40 years;
$40 million in consumer loans with an average duration of 1.75 years; and $30 million in U.S.
Treasury bonds with an average duration of 6 years, what is Main Street's asset portfolio duration?
A) 0.4 years
B) 1.7 years
C) 2.7 years
D) 4.1 years
E) None of the above
Answer: B
105.A bank has an average asset duration of 4.7 years and an average liability duration of 3.3 years.
This bank has $750 million in total assets and $500 million in total liabilities. This bank has:
A) A positive duration gap of 8.0 years.
B) A negative duration gap of 2.5 years.
C) A positive duration gap of 1.4 years.
D) A positive duration gap of 2.5 years.
E) None of the above.
Answer: D
106.A bank has an average asset duration of 1.15 years and an average liability duration of 2.70 years.
This bank has $250 million in total assets and $225 million in total liabilities. This bank has:
A) A negative duration gap of 1.55 years.
B) A positive duration gap of 1.28 years.
C) A negative duration gap of 3.85 years.
D) A negative duration gap of 1.28 years.
E) None of the above.
Answer: D
107.The duration of a bond is the weighted average maturity of the future cash flows expected to be received on a bond. Which of the following is a true statement concerning duration?
A) The longer the time to maturity, the greater the duration
B) The higher the coupon rate, the higher the duration
C) The shorter the duration, the greater the price volatility
D) All of the above are true
E) None of the above are true
Answer: A
108.A bond has a duration of 7.5 years. Its current market price is $1125. Interest rates in the market are 7% today. It has been forecasted that interest rates will rise to 9% over the next couple of weeks.
How will this bank's price change in percentage terms?
A) This bond's price will rise by 2 percent.
B) This bond's price will fall by 2 percent.
C) This bond's price will fall by 14 .02 percent
D) This bond's price will rise by 14.02 percent
E) This bond's price will not change
Answer: C
109.A bank has an average asset duration of 5 years and an average liability duration of 3 years. This bank has total assets of $500 million and total liabilities of $250 million. Currently, market interest rates are 10 percent. If interest rates fall by 2 percent (to 8 percent), what is this bank's change in net worth?
A) Net worth will decrease by $31.81 million
B) Net worth will increase by $31.81 million
C) Net worth will increase by $27.27 million
D) Net worth will decrease by $27.27 million
E) Net worth will not change at all
Answer: B
110.A bank has an average asset duration of 5 years and an average liability duration of 3 years. This bank has total assets of $500 million and total liabilities of $250 million. Currently, market interest rates are 10 percent. If interest rates fall by 2 percent (to 8 percent), what is this bank's duration gap?
A) 2 years
B) –2 years
C) 3.5 years
D) –3.5 years
E) None of the above
Answer: C
111.A bank has an average asset duration of 5 years and an average liability duration of 9 years. This bank has total assets of $1000 million and total liabilities of $850 million. Currently, market
interest rates are 5 percent. If interest rates rise by 2 percent (to 7 percent), what is this bank's
change in net worth?
A) Net worth will decrease by $50.47 million
B) Net worth will increase by $50.47 million
C) Net worth will decrease by $240.95 million
D) Net worth will increase by $240.95 million
E) Net worth will not change at all
Answer: B
112.A bank has an average asset duration of 5 years and an average liability duration of 9 years. This bank has total assets of $1000 million and total liabilities of $850 million. Currently, market
interest rates are 5 percent. If interest rates rise by 2 percent (to 7 percent), what is this bank's
duration gap?
A) –4 years
B) 4 years
C) 2.65 years
D) –2.65 years
E) 12.65 years
Answer: D
113.A bank has $100 million of investment grade bonds with a duration of 9.0 years. This bank also has $500 million of commercial loans with a duration of 5.0 years. This bank has $300 million of
consumer loans with a duration of 2.0 years. This bank has deposits of $600 million with a duration of 1.0 years and nondeposit borrowings of $100 million with an average duration of .25 years.
What is this bank's duration gap? These are all of the assets and liabilities this bank has.
A) This bank has a duration gap of 14.75 years
B) This bank has a duration gap of 15.03 years
C) This bank has a duration gap of 3.55 years
D) This bank has a duration gap of 3.75 years
E) This bank has a duration gap of 5.15 years
Answer: D
114. Which of the following statements is true concerning a bank's duration gap?
A) If a bank has a positive duration gap and interest rates rise, the bank's net worth will decline
B) A bank with a positive duration gap has a longer average duration for its assets than for its
liabilities
C) If a bank has a zero duration gap and interest rates rise, the bank's net worth will not change
D) If a bank has a negative duration gap and interest rates rise, the bank's net worth will increase
E) All of the above are true statements
Answer: E
115. A bank has an average duration for its asset portfolio of 5.5 years. This bank has total assets of $1000 million and total liabilities of $750 million. If this bank has a zero duration gap, what must the duration of its liabilities portfolio be?
A) 7.33 years
B) 4.125 years
C) 7.5 years
D) 5.5 years
E) None of the above
Answer: A
116.A bond has a face value of $1000 and coupon payments of $80 annually. This bond matures in three years and is selling for $1000 in the market. Market interest rates are 8%. What is this bond's duration?
A) 3 years
B) 2.78 years
C) 1.95 years
D) 4.31 years
E) None of the above
Answer: B
117.A bond has a face value of $1000 and coupon payments of $120 annually. This bond matures in three years and is selling in the market for $1160. Market interest rates are 6%. What is this bond's duration?
A) 3 years
B) 5.71 years
C) 1.96 years
D) 2.71 years
E) None of the above
Answer: D
118.A bond is selling in the market for $950 and has a duration of 6 years. Market interest rates are 9% and are expected to decrease to 7% in the near future. What will this bond's price be after the
change in market interest rates?
A) $969
B) $931
C) $1055
D) $854
E) $950
Answer: C
119.A bond is selling in the market for $1100 and has a duration of 4.5 years. Market interest rates are 5% and are expected to increase to 7% in the near future. What will this bond's price be after the change in market interest rates?
A) $1006
B) $1194
C) $1122
D) $1078
E) $1100
Answer: A
120.Which of the following is a true statement?
A) The longer the time to maturity of a security the smaller the duration
B) The lower the coupon rate of a security the smaller the duration
C) For a given duration and change in interest rates, the change in the price of the security will be
larger for a lower starting level of interest rates
D) The duration of a security remains constant no matter the level of market interest rates
E) All of the above are true statements
Answer: C
121.The fact that the rate of change in an asset's price varies with the level of interest rates is known as:
A) Duration
B) Convexity
C) Maturity
D) Yield
E) None of the above
Answer: B
122.U.S. banks tend to fare best when the yield curve is:
A) Flat
B) Downward-sloping
C) Vertical
D) Upward-sloping
E) Kinked
Answer: D
123.Carolina National Bank knows that the interest rate on its loans change faster and by a larger amount than the interest rate on its deposits. What type of risk is this an example of?
A) Default risk
B) Inflation risk
C) Liquidity risk
D) Call risk
E) Basis risk
Answer: E
124.Havoc State Bank has a loan that it fears will not be repaid because the company is going into bankruptcy. What type of risk would this be an example of?
A) Default risk
B) Inflation risk
C) Liquidity risk
D) Call risk
E) Basis risk
Answer: A
125.The Carter National Bank is worried because it knows that the municipal bonds it has in its bond portfolio can be difficult to sell quickly. What type of risk would this be an example of?
A) Default risk
B) Inflation risk
C) Liquidity risk
D) Call risk
E) Basis risk
Answer: C
126.The Jackson State Bank is worried because many of the loans it has made are home mortgages which can be paid off early by the homeowner. What type of risk would this be an example of?
A) Default risk
B) Inflation risk
C) Liquidity risk
D) Call risk
E) Basis risk
Answer: D
127. A bank is liability sensitive if its:
A) Deposits and nondeposit borrowings are affected by changes in interest rates
B) Interest-sensitive assets exceed interest-sensitive liabilities
C) Interest-sensitive liabilities exceed its interest-sensitive assets
D) Loans and securities are affected by changes in interest rates
E) None of the above
Answer: C
128.Which of the following would be an example of a repriceable asset?
A) Money the bank has borrowed from the money market
B) Cash in the vault
C) Demand deposits that do not pay interest
D) Short term securities issued by the government about to mature owned by the bank
E) All of the above are examples of repriceable assets
Answer: D
129.Which of the following would be an example of a repriceable liability?
A) Money the bank has borrowed from the money market
B) Cash in the vault
C) Demand deposits that do not pay an interest rate
D) Short term securities issued by the government about to mature owned by the bank
E) All of the above are examples of repriceable assets
Answer: A
130. Which of the following would be an example of a nonrepriceable asset?
A) Money the bank has borrowed from the money market
B) Cash in the vault
C) Demand deposits that do not pay an interest rate
D) Short term securities issued by the government about to mature owned by the bank
E) All of the above are examples of repriceable assets
Answer: B
131.Which of the following would be an example of a nonrepriceable liability?
A) Money the bank has borrowed from the money market
B) Cash in the vault
C) Demand deposits that do not pay an interest rate
D) Short term securities issued by the government about to mature owned by the bank
E) All of the above are examples of repriceable assets
Answer: C
132.The Tidewater State Bank has $1000 in total assets (all of which are earning assets), $700 of which will be repriced with in the next 90 days. This bank also has $800 in total liabilities, $400 of which will be repriced within the next 90 days. Currently, the bank is earning 8% on its assets and is paying 5% on its liabilities. If interest rates do not change in the next ninety days, what is this ban k’s net interest margin?
A) 8%
B) 5%
C) 4%
D) 1.4%
E) Cannot tell from the information given
Answer: C
133.The Tidewater State Bank has $1000 in total assets (all of which are earning assets), $700 of which will be repriced with in the next 90 days. This bank also has $800 in total liabilities, $400 of which will be repriced within the next 90 days. Currently, the bank is earning 8% on its assets and is paying 5% on its liabilities. What is the dollar interest-sensitive gap of this bank?
A) -$200
B) -$100
C) $200
D) $300
E) $600
Answer: D
134.The Tidewater State Bank has $1000 in total assets (all of which are earning assets), $700 of which will be repriced with in the next 90 days. This bank also has $800 in total liabilities, $400 of which will be repriced within the next 90 days. Currently, the bank is earning 8% on its assets and is paying 5% on its liabilities. If interest rates on both assets and liabilities rise by 2% in the next 90 days, what would this bank’s net interest margin be?
A) 4%
B) 4.4%
中国海洋大学命题专用纸（夜大学/函授）
B卷试题答案 一、A C C B B B D B D C 二、1．核心资本又叫一级资本和产权资本，是指权益资本和公开储备，它是银行资本的构成部分，是金融机构可以永久使用和支配的自有资金，包括普通股、不可收回的优先股、资本盈余、留存盈余、可转换的资本债券、各种补偿准备金。 2．也称问题贷款，即传统贷款分类中的逾期贷款、呆滞贷款、呆账贷款和新五级分类中的次级、可疑、损失类贷款。 3．超额存款准备金是金融机构存放在中央银行、超出法定存款准备金的部分，主要用于支付清算、头寸调拨或作为资产运用的备用资金。 4．利率敏感资金（Rate-sensitive Fund）：也称浮动利率或可变利率资金，指在一定期间内展期或根据协议按市场利率定期重新定价的资产或负债。 三、简答题 1．商业银行的职能是由它的性质所决定的，主要有四个基本职能。 （1）信用中介职能。是商业银行最基本、最能反映其经营活动特征的职能。这一职能的实质，是通过银行的负债业务，把社会上的各种闲散货币集中到银行里来，再通过资产业务，把它投向经济各部门；商业银行是作为货币资本的贷出者与惜入者的中介人或代表，来实现资本的融通、并从吸收资金的成本与发放贷款利息收入、投资收益的差额中，获取利益收入，形成银行利润。（2）支付中介职能。通过存款在帐户上的转移，代理客户支付，在存款的基础上，为客户兑付现款等，成为工商企业、团体和个人的货币保管者、出纳者和支付代理人。以商业银行为中心，形成经济过程中无始无终的支付链条和债权债务关系。（3）信用创造功能。商业银行是能够吸收各种存款的银行，和用其所吸收的各种存款发放贷款，在支票流通和转帐结算的基础上，贷款又转化为存款，在这种存款不提取现金或不完全提现的基础上，就增加了商业银行的资金来源，最后在整个银行体系，形成数倍于原始存款的派生存款。（4）金融服务职能。现代化的社会生活，从多方面给商业银行提出了金融服务的要求。在强烈的业务竞争权力下，各商业银行也不断开拓服务领域，通过金融服务业务的发展，进一步促进资产负债业务的扩大，并把资产负债业务与金融服务结合起来，开拓新的业务领域。在现代经济生活中，金融服务己成为商业银行的重要职能。 2．（1）安全性（2）流动性（3）盈利性。这些目标有是有商业银行经营管理的基本要求决定的，但目标的实现又实现存在一定的矛盾，应是在保证安全性的基础上，争取利润最大化，而解决安全性与盈利性矛盾的最好选择是提高经营的流动性。 3．证券投资避税组合的考虑原则是：在存在证券投资利息收入税赋差距，从而使两种债券出现税前收益和税后收益不一致时，银行应在投资组合中尽量利用税前收益高的应税证券，使其利息收入抵补融资成本，并使剩余资金全部投资于税后收益率最高的减免税证券上，从而提高证券投资盈利水平。 四、论述题 1、第一支柱——最低资本规定 新协议在第一支柱中考虑了信用风险、市场风险和操作风险，并为计量风险提供了几种备选方案。关于信用风险的计量。新协议提出了两种基本方法。第一种是标准法，第二种是内部评级法。内部评级法又分为初级法和高级法。对于风险管理水平较低一些的银行，新协议建议其采用标准法来计量风险，计算银行资本充足率。 2、第二支柱——监管部门的监督检查 委员会认为，监管当局的监督检查是最低资本规定和市场纪律的重要补充。具体包括：（1）监管当局监督检查的四大原则。原则一：银行应具备与其风险状况相适应的评估总量资本的一整套程序，以及维持资本水平的战略。原则二：监管当局应检查和评价银行内部资本充足率的评估情况及其战略，以及银行监测和确保满足监管资本比率的能力。若对最终结果不满足，监管当局应采取适当的监管措施。原则三：监管当局应希望银行的资本高于最低监管资本比率，并应有能力要求银行持有高于最低标准的资本。原则四：监管当局应争取及早干预从而避免银行的资本低于抵御风险所需的最低水平，如果资本得不到保护或恢复，则需迅速采取补救措施。（2）监管当局检查各项最低标准的遵守情况。银行要披露计算信用及操作风险最低资本的内部方法的特点。作为监管当局检查内容之一，监管当局必须确保上述条件自始至终得以满足。（3）监管当局监督检查的其它内容包括监督检查的透明度以及对换银行帐薄利率风险的处理。 3、第三支柱——市场纪律 委员会强调，市场纪律具有强化资本监管，帮助监管当局提高金融体系安全、稳健的潜在作用。新协议在适用范围、资本构成、风险暴露的评估和管理程序以及资本充足率四个领域制定了更为具体的定量及定性的信息披露内容。监管当局应评价银行的披露体系并采取适当的措施。新协议还将披露划分为核心披露与补充披露。
Chapter 10 The Investment Function in Banking and Financial-Services Management Fill in the Blank Questions 1. A(n) _________________________ is a security issued by the federal government which has less than one year to maturity when it is issued. Answer: Treasury bill 2. Debt instruments issued by cities, states and other political entities and which are exempt from federal taxes are collectively known as _________________________ . Answer: municipal securities 3. The investment maturity strategy which calls for the bank to have one half of its investment portfolio in very short term assets and one half of its investment portfolio in long term assets is known as the _________________________ . Answer: barbell strategy 4. A(n) _________________________ is a security where the interest portion of the security is sold separately from the principal portion of the security. Answer: stripped security 5. _________________________ are the way the federal, state and local governments guarantee the safety of their deposits with banks. Answer: Pledging requirements 6. The most aggressive investment maturity strategy calls for the bank to continually shift the maturities of its securities in responses to changes in interest rates and is called the __________________. Answer: rate expectation strategy 7. _________________________ is the risk that the bank will have to sell part of its investment portfolio before their maturity for a capital loss. Answer: Liquidity risk 8. _________________________ is the risk that the economy of the market area they service may take a down turn in the future. Answer: Business risk
Chapter 5 The Financial Statements of Banks and Their Principal Competitors Fill in the Blank Questions 1. Fed funds purchased is an example of _______________________ along with Eurodollar borrowings. Answer: nondeposit borrowings 2. The short term securities of the bank, including T-Bills and commercial paper, are often called __________________________ because they are the second line of defense to meet demands for cash. Answer: secondary reserves 3. __________________________ is a noncash expense on the bank's income statement which allows the bank to account for future bad loans. Answer: Provision for loan losses 4. __________________________ is the difference between interest income and interest expenses for a financial institution. Answer: Net interest income 5. __________________________ are the primary long term liabilities of the bank. These liabilities are paid only after deposits have been paid in the event of bankruptcy. Answer: Subordinated notes and debentures
商业银行管理学第一章商业银行管理学导论
教学要求：本章要求学生了解商业银行的性质、商业银行的功能、商业银行在金融市场 中的作用、商业银行管理的目标、现代商业银行经营的特点以及我国商业银行的历史与现状 等内容。 教学重点：商业银行的功能，商业银行的管理目标，商业银行在金融市场中的作用。 第一节商业银行的性质与功能 一、商业银行的性质 1.商业银行具有明显的企业性质 （1）与一般工商企业一样自主经营、自负盈亏、自我约束、自求平衡、自我发展；追求的最终目标是价值最大化。 （2）在性质上不同于中央银行、政策性银行 2.商业银行具有特殊的经营规律 商业银行经营的商品是货币，除少量自有资金和固定资产,资金来源和资金运用两头在外。一般企业管理常用的最优化经济原理用于商业银行管理具有局限性。 （1）边际分析方法用于商业银行管理的局限性 （2）投入要素最优组合原理用于商业银行管理的局限性 （3）规模经济原理在商业银行的适应性和不适应性 商业银行对整个社会经济的影响远远大于一般的工商企业，受整个社会经济的影响也比 一般工商企业大的多；金融风险管理成为商业银行经营的核心内容之一，考虑的风险比一般 企业更为广泛。商业银行业务经营的特殊性决定其有着与一般工商企业不同的经营规律。 二、商业银行的职能 1.中介职能
中介职能指商业银行通过存款等负债业务，把社会闲散资金集中起来，再通过贷款等资产业务，将资金投给向银行借款的单位和个人。 闲散资金 T生产经营资金 小额资金 T大额资金 短期资金 T长期资金 效益低的部门 T效益高的部门 2.支付职能 （1）商业银行代表客户支付商品和服务价款。 （2）通过存款在账户上的转移代理客户支付，在存款的基础上为客户兑付现款，成为货币保管者、出纳和支付代理人。 （3）商业银行的支付职能减少了现金的使用，加速了结算过程和货币资金周转，提高了资金使用效率，为客户提供了方便。 3.信用创造职能 （1）商业银行利用存款发放贷款，在支票流通和转帐结算的基础上贷款又转化为派生存款，整个商业银行体系形成了数倍于原始存款的派生存款。 （2）商业银行的信用创造以原始存款为基础，受法定存款准备率和现金漏损率的制约。政府运用法定存款准备金制度等货币政策工具来调节商业银行的信用创造。 4.金融服务职能 商业银行为客户提供担保、信托、租赁、保管、咨询、代理融通等多种金融服务，扩大了社会联系面，增加了市场份额，同时也增加了非信贷收入。 三、商业银行在金融市场中的作用 关于商业银行作用的著名论断
武汉理工大学教务处 试题标准答案及评分标准用纸 | 课程名称商业银行经营与管理（B 卷） | 一. 单选题（10分＝10Χ1） 装 | 二. 判断题（15分＝15Χ1） | 11.错12.错13.错14.对15.对16.对17.错18.对 | 19.错20.对21.对22.错23.对24.错25.对 | 三.名词解释（30分＝10Χ3） 26.商业银行以追求最大利润为目标，以经营金融资产和负债为对象的特殊的企业。 钉27. 一级准备主要包括库存现金、在央行的存款、同业存款及托收中的现金等项目。 | 28. 资本准备金又可称作资本储备，是指商业银行从留存盈余中专门划出来的，用于应付即将发生的有关股本的重大事件的基金。 | 29. 银行的资本充足性主要指银行资本的数量足以吸收可能发生的意外损失，使银行在遭遇风险损失时不致破产。 | 30. 回购协议也称再回购协议，指的是商业银行在出售证券等金融资产时签订协议，约定在一定期限后按原定价格或约定价格购回所卖证券，以获得即时可用资金；协议期满时，再以即时可用资金作相反交易。 | 31.可转让大额定期存单简称CD，是一种流通性较高且具借款色彩的新型定期存款形式。大额可转让定期存单是商业银行逃避最高利率管制和存款准备金规定的手段，亦是银行对相对市场份额下降所做出的竞争性反应。 | 32.存放同业存款商业银行存放在代理行和相关银行的存款。目的是为了便于银行在同业之间开展代理业务和结算收付。 线33. 银行证券投资银行在其经营活动中，把资金投放在各种长短期不同的证券，以实现资产的收益和保持相应的流动性。 | 34. 贷款指商业银行作为贷款人按照一定的贷款原则和政策，以还本付息为条件，将一定数量的货币资金提供给借款人使用的一种借贷行为。格（即兑现价格）等，投资者到期可以选择转换股票 也可以选择不转换。 | 35.担保贷款银行要求借款人根据规定的担保方式提供贷款担保而发放的贷款。 四. 简答题（25分） 36．商业银行的经营原则有哪些（6分） 答：商业银行在其经营管理过程中应遵循“安全性、流动性、盈利性”三原则： （1）安全性原则是指商业银行应努力避免各种不确定因素对它的影响，保证商业银 行的稳健经营和发展。（2分） （2）流动性是指商业银行能够随时满足客户提现和必要的贷款需求的支付能力，包 括资产的流动性和负债的流动性两重含义。
Chapter 3 The Organization and Structure of Banking and the Financial-Services Industry Fill in the Blank Questions 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. Answer: POS 2.A(n) ____________________ is a bank which offers its full range of services from several locations. Answer: branch bank 3.A(n) ____________________ is a bank which offers its full range of services from only one location. Answer: unit bank 4.A(n)________________________ is a corporation chartered for the express purpose of holding the stock of one or more banks. Answer: Bank Holding Company 5.Managers who value fringe benefits, plush offices and ample travel budgets over the pursuit of maximum returns for stockholders are exhibiting signs of ______ . Answer: Expense Preference Behavior 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. Answer: Merchant bank 7. A bank which operates exclusively over the internet is known as a _bank. Answer: Virtual 8.One new 21st century bank organizational structures is _____________ . This is a special type of holding company that may offer the broadest range of financial
习题 商业银行银行经营管理 商业银行经营管理习题 第一章导论 一、名词解释 商业银行信用中介支付中介格拉斯—斯蒂格尔法分行制持股公司制流动性银行制度 二、填空 1、商业银行是以（）为目标，以（）为经营对象，（）的企业。 2、（）银行的成立，标志着现代商业银行的产生。 3、现代商业银行形成的途径有（）；（）。 4、各国商业银行的发展基本上是循着两种传统：（）和（）。 5、商业银行在现代经济生活中所发挥的功能主要有（）、（）、（）、 （）和（）。 6、股份制商业银行的组织结构包括（）、（）、（）和（）。
7、股份制商业银行的决策系统主要有（）、（）、（）、和（） 构成。 8、股份制商业银行的最高权力机构是（）。 9、股份制商业银行的最高行政长官是（）。 10、商业银行按资本所有权划分可分为（）、（）、（）和（）。 11、商业银行按组织形式可分为（）、（）和（）。 12、实行单元银行制的典型国家是（）。 13、商业银行经营管理的目标为（）、（）和（）。 14、对我国商业银行实施监管的机构是（）。 三、不定项选择 １、商业银行发展至今，已有（）的历史。 Ａ１００年Ｂ２００年Ｃ３００年Ｄ５００年 2、（）银行的成立，标志着现代商业银行的产生。 A英国B英格兰C丽如D东方 3、商业银行能够把资金从盈余者手中转移到短缺者手中，使闲置资金得到充分利用。这种功能被称为（）功能。 A信用中介B支付中介C信用创造D金融服务 4、下列银行体制中，只存在于美国的是（） A分行制B私人银行C国有银行D单元制 5、我国商业银行的组织形式是（）
A单元制银行B分支行制银行C银行控股公司D连锁银行 6、实行分支行制最典型的国家是（） Ａ美国Ｂ日本Ｃ法国Ｄ英国 7、股份制商业银行的最高权利机构是（）。 A董事会B股东大会C监事会D总经理 8、银行业的兼并对其产生的优势是（）。 A扩大了规模B有利于进行金融创新C取得优势互补，拓展业务范围D提高盈利能力 9、对银行业加强监管的意义体现在（）。 A保护和发挥商业银行在社会经济活动中的作用，促进经济的健康发展。 B有利于稳定金融体系。 C弥补银行财务信息公开程度不高的缺点。 D保护存款人的利益。 四、判断并说明理由 1、商业银行是企业。 2、商业银行的信用创造是无限制的。 3、在中国目前条件下，私人不能办银行，但可以入股银行。 4、现代商业银行都是股份制的金融企业。 5、流动性原则和安全性原则既是统一的，又是矛盾的。 6、商业银行的信用创造职能仅仅是商业银行可以产生派生存款。
银行管理考试试题及答案 一、单选题 1、历史上第一家股份制商业银行是（D ） A 威尼斯银行 B 阿姆斯特丹银行 C 纽伦堡银行 D 英格兰银行 2、中国现代银行产生的标志是成立（C ） A 浙江兴业银行 B 交通银行 C 中国通商银行 D 中国银行 3、银行借款人或交易对象不能按事先达成的协议履行义务的潜在可能性；也包括由于银行借款人或交易对象信用等级下降，使银行持有资产贬值是指（ C ） A、利率风险 B、汇率风险 C、信用风险 D、经营风险 4、国际清算银行通过了《巴塞尔协议》在（B ） A、1986年 B、1988年 C、1994年 D、1998年 5、商业银行的资本计划可以分为多少个阶段（C ） A、2个 B、3个 C、4个 D、5个 6、1996年1月，巴塞尔委员会允许银行采用自己的内部风险管理模型，但应同时满足定性与定量标准是通过制定（ A）
A、《测定市场风险的巴塞尔补充协议》 B、《市场风险的资本标准建议》 C、《预期损失和不可预见损失》 D、《对证券化框架的变更》 7、介于银行债券和普通股票之间的筹资工具，有固定红利收入，红利分配优于普通股票是（ B） A、普通股 B、优先股 C、中长期债券 D、债券互换 8、可转让支付命令账户简称是（ D ） A、NCDs B 、MMDA C、 ATS D、 NOWs 9、包括利息在内的花费在吸收负债上的一切开支，即利息成本和营业成本之和,它反映银行为取得负债而付出的代价是（C ） A、利息成本 B、营业成本 C、资金成本 D、相关成本 10、商业银行票据结算的工具主要包括银行汇票、银行本票、支票和（ B ） A、信用证 B、商业汇票 C 、信用卡D、提单 11、是典型的含有期权性质的中间业务（ A ） A、银行承诺 B 、代理业务 C、银行担保 D、信托业务 12、期权合约签定后，一但买方决定买进或卖出某金融资产时，卖方必须按照合约规定的内容无条件履行吗？（ A ） A 、是 B 、不是 C 、不一定D、可以不履行 13、商业银行国际业务的组织形式不包括（ B ） A 、代表处B、代理行C、分行 D 、子公司或附属机构E、合资联营银行
CHAPTER 1 AN OVERVIEW OF BANKS AND THE FINANCIAL-SERVICES SECTOR Goal of This Chapter: In this chapter you will learn about the many roles financial service providers play in the economy today. You will examine how and why the banking industry and the financial services marketplace as a whole is rapidly changing, becoming new and different as we move forward into the future. You will also learn about new and old services offered to the public. Key Topics in This Chapter ?Powerful Forces Reshaping the Industry ?What is a Bank? ?The Financial System and Competing Financial-Service Institutions ?Old and New Services Offered to the Public ?Key Trends Affecting All Financial-Service Firms ?Appendix: Career Opportunities in Financial Services Chapter Outline I. I ntroduction: P owerful Forces Reshaping the Industry II. W hat Is a Bank? A. D efined by the Functions It Serves and the Roles It Play: B. B anks and their Principal Competitors C. Legal Basis of a Bank D. D efined by the Government Agency That Insures Its Deposits III.The Financial System and Competing Financial-Service Institutions A.Savings Associations B.Credit Unions C.Money Market Funds D.Mutual Funds E.Hedge Funds F.Security Brokers and Dealers G.Investment Bankers H.Finance Companies I.Financial Holding Companies
商业银行经营管理试题 一、填空题（每空1分，共10分） 1．在一级法人体制下，只有银行的或才是法 人代表。 2．中小银行或新设立的银行，一般喜欢采用的经营 思想，而老银行或是大银行则偏重于经营思想。 3，衡量银行某种资产的流动性，主要看其转化为现主的 和。 4．商业银行参与外汇交易，除了代理客户进行外汇买卖 以外，还有另外两个主要动机：一是，二是调 整银行外汇。 5．是一国的金融管理和政策制定机构，它的政策效应是通过来传递的。 二、名词解释（每题4分，共20分） 1、贷款五级分类 2、票据的保证 3、项目融资 4、备用信用证 5、市场细分 三、选择题（备选答案只有一个或另一个以上是正确的。 请将正确答案的题号填入括号中。每题2分，共20分） 1、商业银行的最基本的职能是（）。 A支付中介 B信用创造 C金融服务 D信用中介 2、商业银行在进行市场分析时应该注意的是（ ）。 A企业资信状况 B市场竞争状况 C竞争成本 D市场份额 3、下列各项中不能作为贷款抵押物的有（） A交通运输工具 B土地所有权 C房屋 D林本 4、票据背书的效力表现在（）。 A权利转移 B权利证明 C权利高低 D权利担保 5、商业银行向中央银行进行再贴现的最长时间不得超过
（）。 A一个月 B三个月 C四十月 D六个月 6、商业银行资本的主要功能有（）。 A营业功能 B管理功能 C投资功能 D保护功能 7、下列各项业务中属于商业银行表外业务的是（ ）。 A贷款额度 B保证 C期权交易 D票据发行便利 8、可转换理论是一种（）的理论。 9、下列各项指标中属于总量控制指标的是（） A资本充足率 B存货款比例 C单个贷款比例 D拆借资金比例 10、银行把其产品与服务向客户进行报道、宣传以说服和影响他们来使用其产品与服务的活动被称为（）A销售促进 B促销 C公共关系 D广告 四、简答题（每小题6分，共30分） 1、测定一家商业银行现金是否适度时，应从哪几方面进行 测算和观察？ 2、为什么要用信贷资产“五级分类法”代替“一逾两呆”分类 法？ 3、制定资本充足率标准对我国商业银行有何现实意义？ 4、商业银行为什么要参与银团贷款？ 5、商业银行从事的代理业务主要哪些？ 五、论述题（每题10分，共20分） 1、简述商业银行的企业形象战略？ 2、简述同业拆借的特点及原则？
Chapter 16 Lending Policies and Procedures: Managing Credit Risk Fill in the Blank Questions 1. The______________ is a uniform rating system developed by regulators where banks are given a rating from one to five in each of six categories and an overall rating from one to five. Answer: CAMELS 2. One of the 6 C?s of lending,______________ suggests that the lender must look at the position of the business firm in the industry and the outlook of the industry to evaluate a loan. Answer: condition 3. One of the 6 C?s of lending,______________ suggests that the lender must look to see if the borrower is legally entitled to sign a binding loan agreement. For an individual this entails making sure the borrower is of legal age to sign a contract. Answer: capacity 4. When a bank purchases a whole loan or a piece of a loan from another bank they are purchasing what is known as a____________________________. Answer: participation 5. Loans that have minor weaknesses because the bank has not followed its written loan policy or which have missing documentation are called______________ by regulators. Answer: criticized 6. ____________________________ are loans extended to farmers and ranchers to assist in planting crops, harvesting crops and to support the feeding and care of livestock. Answer: Agriculture loans 7. ____________________________ devote the bulk of their credit portfolio to large-denomination loans to corporations and other businesses and tend to be large banks. Answer: Wholesale lenders 8. ____________________________ are loans which are secured by land buildings and other structures. These loans can be short term construction loans or longer term loans to finance the purchase of homes and apartments among others. Answer: Real estate loans
武汉理工大考试试题卷课程名专业班商业银行经营与管总题题1015302520100 备:学生不得在试题纸上答含填空题、选择题等客观) .单选题1=1 1.为了使资金分配战略更为准确，许多商业银行使用复杂的数学模型，其中运用最为广泛的是、资金总库、线性规划、资金分配、缺口管理方 2. 169年英国政府为了同高利贷作斗争，以维护新生的资产阶级发展工业和商业的需要，决定成 一家股份制银行是什么 、英格兰银、曼彻斯特银、汇丰银、利物浦银 3.一旦银行破产、倒闭时，对银行的资产的要求权排在最后的是（ 、优先股股、普通股股、债权、存款 4.影响存款水平的微观因素主要是银行内的因素，不包括（ 金融当局的货币政、服务收、银行网点设、营业设 5.现金资产管理的首要目标是（ 、现金来源合、现金运用合、将现金资产控制在适度的规模、现金盈 6.现金资产中唯一以现钞形态存在的资产是（ 、库存现、在中央银行存放同业存、存放同业存、托收中的现 ．银行以合法方式筹集的资金自主发放的贷款是（ 、委托贷、自营贷、特定贷、自主贷 8.银行业产生于哪个国家 英、美、意大、德 现金资产管理中应坚持的基本原则不包括（、安全性原、适时流量调节原、适度存量控制原、盈利性原1发行优先股来筹集资本，商业银行可获得的坏处有（ 得杠杆收、控制权不会变 、可以永久地获得资金的使用、利息税前支付，可降低税后成 二．判断题1=1 1．商业银行的资产是指商业银行自身拥有的或者能永久支配使用的资金 1．存款是银行的被动负债，存款市场属于银行经营的卖方市场。而借入负债则是银行的主动负债 它属于银行经营的买方市场。
武汉理工大学教务处 试题标准答案及评分标准用纸 | 课程名称商业银行经营与管理（B 卷）| 一. 单选题（10分＝10）1Χ装 1.B 2.A 3.B 4.A 5.C 6.A 7.B 8.C 9.A 10.D | 二. 判断题（15分＝15 ）1Χ| 11.错12.错13.错14.对15.对16.对17.错18.对 | 19.错20.对21.对22.错23.对24.错25.对 | 三.名词解释（30分＝10 ）Χ326.商业银行以追求最大利润为目标，以经营金融 资产和负债为对象的特殊的企业。钉 27. 一级准备主要包括库存现金、在央行的存款、同业存款及托收中的现金等项目。| 28. 资本准备金又可称作资本储备，是指商业银行从留存盈余中专门划出来的，用于应付即将发生的有关股本的重大事件的基金。| 29.银行的资本充足性主要指银行资本的数量足以吸收可能发生的意外损失，使银行在遭遇风险损失时 不致破产。| 30. 回购协议也称再回购协议，指的是商业银行在出 售证券等金融资产时签订协议，约定在一定期限后按原定价格或约定价格购回所卖证券，以获得即时可用资金；协议期满时，再以即时可用资金作相反交易。| 31.可转让大额定期存单简 称CD，是一种流通性较高且具借款色彩的新型定期存款形式。大额可转让定期存单是商业银行逃避最高利率管制和存款准备金规定的手段，亦是银行对相对市场份额下降所做出的竞争性反 应。| 32.存放同业存款商业银行存放在代理行和相关银行的存款。目的是为了便于银行在同业之间开展代理业务和结算收付。线33. 银行证券投资银行在其经营活动中，把资金投放在各种长短期不同的证券，以实现资产的收益和保持相应的流动性。． | 34. 贷款指商业银行作为贷款人按照一定的贷款原则和政策，以还本付息为条件，将一 定数量的货 币资金提供给借款人使用的一种借贷行为。格（即兑现价格）等，投资者到期可以选择转换股票 也可以选择不转换。| 35. 担保贷款银行要求借款人根据规定的担保方式提供贷款担保而
Chapter 1 An Overview of the Changing Financial-Services Sector Fill in the Blank Questions 1. _______________________ is a traditional service provided by banks in which the banks store the valuables of their customers and certify their true value. Answer: Safekeeping of valuables 2. The fact that financial institutions make loans based on confidential information is the _______________________ theory of banking. Answer: delegated monitoring 3. _______________________ refers to when a financial institution trades one form of currency for another. An example of this would be when the bank trades dollars for yen for a fee. Answer: currency exchange 4.A(n) _______________________ is a traditional service which permits a depositor to write a draft （汇票）in payment for goods and services. Answer: demand deposit (checking account) 5. _______________________ is a service provided by banks where the bank lends money to individuals for the purchase of durable and other goods. Answer: Consumer lending 6. The _______________________ of a bank is a traditional service where the bank manages the financial affairs and property of individuals (and in some cases businesses). Answer: trust services 1 / 14
第一章导论 一、名词解释 商业银行信用中介支付中介信用创造分行制持股公司制流动性 二、填空 1、商业银行是以（）为目标，以（）筹集资金，以（）为经营对象，能利用负债进行（），并能向客户提供（）服务的金融企业。 2、商业银行的性质是（），（），（）。 3、商业银行产生经历了（），（），（）三个阶段。 4、1694年（）银行的成立，标志着现代商业银行的产生。 5、现代商业银行形成的途径有（）和（）。 6、各国商业银行的发展基本上是循着两种传统：（）和（）。 7、商业银行的经营模式主要有两种：（）和（）。 8、商业银行在现代经济生活中所发挥的功能主要有（）、（）、（）、 （）和（）。 9、创立商业银行的条件主要是（）条件和（）条件。 10、创立商业银行的程序是（）、（）、（）。 11、股份制商业银行的组织结构体系包括（）、（）、（）和（）四个系统。 12、股份制商业银行的决策系统主要有（）、（）和（）构成。 13、股份制商业银行的最高权力机构是（）。 14、股份制商业银行的执行系统主要有（）、（）和（）构成。 15、股份制商业银行的最高行政首脑是（）。 16、股份制商业银行的监督系统由（）、（）和（）构成。 17、股份制商业银行的管理系统由（）、（）、（）、（）和（）构成。 18、商业银行按资本所有权划分可分为（）、（）、和（）。 19、商业银行按组织形式可分为（）、（）和（）。 20、按商业银行能否从事证券业务，商行可分为（）、（）和（）。 21、实行单元制银行的典型国家是（）。 22、当代商业银行的主要组织形式是（） 23、商业银行经营管理的目标为（）、（）和（）。 24、对我国商业银行实施监管的机构是（）。 三、单项选择 1、（）银行的成立，标志着现代商业银行的产生。 A英国 B英格兰 C丽如 D 2、商业银行能够把资金从盈余者手中转移到短缺者手中，使闲置资金得到充分利用，这种功能被称为（）功能。 A信用中介 B支付中介 C信用创造 D金融服务 3、商业银行利用活期存款账户，为客户办理货币结算、转账、兑换、转移存款等业务，这种功能被称为（）功能。 A信用中介 B支付中介 C信用创造 D金融服务 4、商业银行利用吸收的活期存款，通过转账的方式发放贷款，从而衍生出更多存款，扩大社会货币供给量。这种功能被称为（）功能。
《商业银行经营管理》综合练习 一、单项选择题（下列每小题的备选答案中，只有一个符合题意的正确答案，多选、错选、不选均不得分。本题共45个小题，每小题1分） 1. 近代银行业产生于（）。 A .英国 B .美国 C .意大利 D .德国 【答案】C 2. 1694年英国政府为了同高利贷作斗争，以满足新生的资产阶级发展工业和商业的需要，决定成立一家股份制银行（）。 A .英格兰银行 B .曼切斯特银行 C .汇丰银行 D .利物浦银行 【答案】A 3. 现代商业银行的最初形式是（）。 A .股份制银行 B .资本主义商业银行 C .高利贷性质银行 D .封建主义银行 【答案】B 4. 1897年在上海成立的（）标志着中国现代银行的产生。 A .交通银行 B .浙江兴业银行 C .中国通商银行 D .北洋银行 【答案】C 5.（）是商业银行最基本也是最能反映其经营活动特征的职能。 A .信用中介 B .支付中介 C .清算中介 D .调节经济的功能 【答案】A 6. 单一银行制度主要存在于（）。 A .英国 B .美国 C .法国 D .中国 【答案】B 7. 商业银行的经营对象是（）。 A .金融资产和负债 B .一般商品 C .商业资本 D .货币资金
【答案】D 8. 对于发行普通股，下面的表述错误的是（）。 A .发行成本比较高 B .对商业银行的股东权益产生稀释作用 C .资金成本总要高于优先股和债券 D .总资本收益率下降时，会产生杠杆作用 【答案】D 9. 附属资本不包括（）。 A .未公开储备 B .股本 C .重估储备 D .普通准备金 【答案】B 10. 总资本与风险加权资本的比率不得低于（）。 A .7% B .8% C .9% D .10% 【答案】B 11. 年初的资本/资产＝8％，各种资产为10亿元，年末的比例仍为8％，年末的未分配收益为亿元，银行的适度资本为（）。 A . B .10 C . D . 【答案】A 12. 商业银行最主要的负债是（）。 A .借款 B .发行债券 C .各项存款 D .资本 【答案】C 13. 商业银行的（）是整个银行体系创造存款货币的基础。 A .资产 B .负债 C .所有者权益 D .资本 【答案】B 14. 某银行通过５％的利率吸收１００万新存款，银行估计如果提供利率为５.５％，可筹资１５０万存款，若提供６％的利率可筹资２００万元存款，若提供６.５％的利率可筹集２５０万存款，若提供７％利率可筹３００万存款，而银行的贷款收益率为８.５％，贷款利率不随贷款量增加而增加，贷款利率是贷款边际收益率。问存款利率为（）时，银行可获最大利润。 A .5% B .6% C .% D .7% 【答案】C