All of the following have contributed to increased use of ATMs EXCEPT:
A) some banks charging customers for services performed by tellers than can be done by ATMs
B) increased use of debit cards for transactions
C) some banks closing branches in low-income neighborhoods
D) ease by which customers can make use of ATMs to make deposits and withdrawals
Answer: B
Money and Banking
- Banks have a maturity mismatch since
- Which government agency regulates futures markets?
- What regulatory change did Congress approve in 2010 to reduce counterparty risk in the shadow banking system?
- The shadow banking system refers to
- Which of the following is likely to be more of a problem after the introduction of deposit insurance?
- Which of the following is NOT a reason that firms in the shadow banking system were more vulnerable than commercial banks during the financial crisis of 2007-2009?
- The largest institutional participants in capital markets are
- Charging drivers with good records lower premiums than drivers with bad records is an example of an attempt by insurance companies to deal with the problem of
- In a defined contribution pension plan,
- Hedge funds have been criticized for
- Which of the following statements is NOT true of consumer finance companies?
- The fee charged by a typical hedge fund are sometimes called:
- Mutual funds
- During the financial crisis, which type of risk was the biggest problem faced by investment banks?
- A syndicate is
- The due diligence process refers to
- The Federal Reserve System was created in response to
- National banks are chartered by the
- If you have $2 million in a CD at a commercial bank that is a member of the FDIC, how much of your funds are uninsured?
- Banks are exposed to interest rate risk primarily because
- Explicit provisions in a loan agreement that prohibit the borrower from engaging in certain activities is called:
- How does the use of adjustable-rate mortgages affect interest-rate risk?
- In managing its liabilities to deal with liquidity problems, banks trade off
- The prime interest rate is the