The Economics of Money, Banking and Financial Markets (11th 11E - Mishkin - TB chapter 11

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1、EconomicsofMoney,Banking,andFinancialMarkets,11e(Mishkin)Chapter11BankingIndustry:StructureandCompetition11.1HistoricalDevelopmentoftheBankingSystem1)ThemoderncommercialbankingsystembeganinAmericawhentheA)BankofUnitedStateswascharteredinNewYorkin1801.B)BankofNorthAmericawasch

2、arteredinPhiladelphiain1782.C)BankofUnitedStateswascharteredinPhiladelphiain1801.D)BankofNorthAmericawascharteredinNewYorkin1782.Answer:BAACSB:ApplicationofKnowledge2)AmajorcontroversyinvolvingthebankingindustryinitsearlyyearswasA)whetherbanksshouldbothacceptdepositsandmakelo

3、ansorwhetherthesefunctionsshouldbeseparatedintodifferentinstitutions.B)whetherthefederalgovernmentorthestatesshouldcharterbanks.C)whatpercentofdepositsbanksshouldholdasfractionalreserves.D)whetherbanksshouldbeallowedtoissuetheirownbanknotes.Answer:BAACSB:ReflectiveThinking3)T

4、hegovernmentinstitutionthathasresponsibilityfortheamountofmoneyandcreditsuppliedintheeconomyasawholeistheA)centralbank.B)commercialbank.C)bankofsettlement.D)monetaryfund.Answer:AAACSB:ApplicationofKnowledge4)Becauseoftheabusesbystatebanksandtheclearneedforacentralbanktohelpth

5、efederalgovernmentraisefundsduringtheWarof1812,CongresscreatedtheA)BankofUnitedStatesin1812.B)BankofNorthAmericain1814.C)SecondBankoftheUnitedStatesin1816.D)SecondBankofNorthAmericain1815.Answer:CAACSB:ApplicationofKnowledge5)TheSecondBankoftheUnitedStateswasdeniedanewcharter

6、byA)PresidentAndrewJackson.B)VicePresidentJohnCalhoun.C)PresidentBenjaminHarrison.D)PresidentJohnQ.Adams.Answer:AAACSB:ApplicationofKnowledge28Copyright©2016PearsonEducation,Inc.6)CurrencycirculatedbybanksthatcouldberedeemedforgoldwascalledA)junkbonds.B)banknotes.C)goldbills.

7、D)statemoney.Answer:BAACSB:ApplicationofKnowledge7)Toeliminatetheabusesofthestate-charteredbanks,the________createdanewbankingsystemoffederallycharteredbanks,supervisedbythe________.A)NationalBankActof1863;OfficeoftheComptrolleroftheCurrencyB)FederalReserveActof1863;Officeoft

8、heComptrolleroftheCurrencyC)NationalBankActof1863;OfficeofThriftSupe