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1、学习 - 好资料Chapter 11Liquidity and Reserves Management: Strategies and PoliciesFill in the Blank Questions1. A(n) _ is an asset which can be converted into cash easily, which has a relatively stable price and is reversible so that the seller can recover their original investment with little risk of los
2、s.Answer: liquid asset2. When a financial institution sells assets to manage liquidity it faces _. They lose the future earnings on those assets, they face transaction costs on those sales and the assets most easily sold often have the lowest return.Answer: opportunity costs3. _ is when the financia
3、l institution borrows money in the money market to meet their liquidity needs.Answer: Purchased (borrowed) liquidity4. The _ is the total difference between its sources and uses of funds. Answer: liquidity gap5. _ are the deposits and other borrowings of the bank which are very interest sensitive or
4、 where the bank is sure they will be withdrawn during the current period. Answer: Hot money liabilities6. The _ is the idea that management should make all good loans and count on its ability to borrow funds if it does not have the liquidity to meet its cash needs. Answer: customer relationship doct
5、rine7. _ are the assets the bank must by law hold behind its deposits. In the U.S. only vault cash and deposits held with the Federal Reserves can be used to meet these requirements.Answer: Legal reserves8. A(n) _ is the account the bank must have at the Federal Reserve to cover any checks drawn aga
6、inst the bank.Answer: clearing balance更多精品文档学习 - 好资料9. A(n) _ is a service developed by banks where the bank shifts money out of accounts with reserve requirements and into savings accounts overnight.Answer: sweeps account10. The _ is a 14 day period stretching from a Thursday to a Wednesday. This i
7、s the period in which the bank has to keep their average daily level of required reserves for a particular computation period.Answer: reserve maintenance period11. _ is the availability of cash in the amount needed at a reasonable cost. Answer: Liquidity12. The oldest approach to meeting liquidity n
8、eeds which relies on the sale of liquid assets to meet liquidity demands is called _.Answer: asset liquidity management13. Under a _ strategy some of the expected demands for liquidity are stored in assets, while others are backstopped by arrangements for lines of credit from banks or other supplier
9、s of funds.Answer: balanced liquidity management14. A(n) _ is the person in the bank responsible for the banks cash position and meeting legal reserve requirements.Answer: money position manager15. The method used in the U.S. to determine a banks legal reserve requirement in which the period for hol
10、ding legal reserves follows the period used to calculate the required amount of legal reserves is called _.Answer: lagged reserve accounting16. The fed funds rate is generally most volatile on bank _ day. Answer: settlement17. Many depository institutions hold _ balances (extra reserves) to help pre
11、vent overdraft penalties.Answer: precautionary18. Not all _ banks around the world have reserve requirements. Answer: central更多精品文档学习 - 好资料19.For several decades, the largest banks around the world have chosenwhich callsfor borrowing immediately spendable funds to cover all anticipated demands for l
12、iquidity.Answer: liability management20.The approach to managing liquidity starts with two simple facts, liquidity rises as deposits increase and loans decrease and liquidity falls when deposits fall and loans increase.Answer: sources and uses of funds21.In the approach to managing liquidity deposit
13、s and other sources of funds are divided into categories and then liquidity managers must set aside liquid funds according to some desired operating rule.Answer: structure of funds22.Many financial service institutions estimate their liquidity needs based upon experience andindustry averages. This a
14、pproach to managing liquidity is called the approach. Answer: liquidity indicator23.Many analysts believe there is only one sound method for assessing a financial institutionliquidity needs. This method centers on . Answer: discipline of the financial marketplace (signals from the marketplace)24.The for deposits and other reservable liabi
