金融市场与金融机构基础(第3章)英文版答案.doc

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1、ANSWERSTOQUESTIONSFORCHAPTER3(Questionsareinboldprintfollowedbyanswers.)1.Explainthewaysinwhichadepositoryinstitutioncanaccommodatewithdrawalandloandemand.Adepositoryinstitutioncanaccommodateloanandwithdrawaldemandsfirstbyhavingsufficientcashonhand.Inaddit

2、ionitcanattractmoredeposits,borrowfromtheFedorotherbanks,andliquidatesomeofitsotherassets.2.Whydoyouthinkadebtinstrumentwhoseinterestrateischangedperiodicallybasedonsomemarketinterestratewouldbemoresuitableforadepositoryinstitutionthanalong-termdebtinstrum

3、entwithafixedinterestrate?Thisquestionreferstoasset-liabilitymanagementbyadepositoryinstitution.Anadjustableratecaneliminateorminimizethemismatchofmaturityrisk.Asinterestratesrise,theinstitutionwouldhavetopaymorefordeposits,butwouldalsoreceivehigherpayment

4、sfromitsloan.3.Whatismeantby:a.individualbankingb.institutionalbankingc.globalbankinga.Individualbankingisretailorconsumerbanking.Suchabankemphasizesindividualdeposits,consumerloansandpersonalfinancialtrustservices.b.Aninstitutionalbankcatersmoretocommerci

5、al,industrialandgovernmentcustomers.Itissuesdepositstothemandtriestomeettheirloanneeds.c.Aglobalbankencompassesmanyfinancialservicesforbothdomesticandforeigncustomers.Itismuchinvolvedinforeignexchangetradingaswellasthefinancialofinternationaltradeandinvest

6、ment.4.a.WhatistheBaselCommitteeforBankSupervision?b.Whatdothetwoframeworks,BaselIandBaselII,publishedbytheBaselCommitteeforBankSupervision,addressregardingbanking?a.Itistheorganizationthatplaystheprimaryroleinestablishingriskandmanagementguidelinesforbank

7、sthroughouttheworld.b.Theframeworkssetforthminimumcapitalrequirementsandstandards.5.Explaineachofthefollowing:a.reserveratiob.requiredreservesa.Thereserveratioisthepercentageofdepositsabankmustkeepinanon-interest-bearingaccountattheFed.b.Requiredreservesar

8、etheactualdollaramountsbasedonagivenreserveratio.6.Explaineachofthefollowingtypesofdepositaccounts:a.demanddepositb.certificateofdepositc.moneymarketdemandaccounta.Demanddeposits(checkingaccounts)donotpayinte