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About this document
- Pages
- 4 pages
- Price
- $4 one-time, yours to keep
- Membership
- Included in every plan
- Format
- Subject
- Business, Finance
- Module
- FIN366 · Week 5
This document contains multiple-choice questions on financial institutions, including topics like commercial banks, investment banking, and international banking. It is useful for exam preparation for Week 5 of the FIN366 module.
What's inside
- Commercial banks in the U.S.
- Life insurance companies and pension plans
- Growth-oriented investments and agency conflicts
- Goals of commercial banks
- Glass-Steagall Act and investment banking services
- Geographical expansion of banks and thrifts
Who it is for: Students taking the FIN366 module. (Undergraduate)
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Summary
Financial institutions include banks, insurance companies, investment banks and pension funds. Students learn about their services, regulations and risks.
Commercial banks
Commercial banks offer services such as loans and deposits. Their main goal is long-term profit maximization. They face risks and regulations.
Investment banks
Investment banks bring new securities to market and trade them. They do not make commercial loans. They help firms raise capital.
Regulations and legislation
Legislation affects how banks and thrifts operate. Laws govern geographic expansion, securities underwriting and foreign exchange. Some laws do not apply to international banking.
Money markets and capital markets
Money market rates indicate changes in Federal Reserve policy. Capital market securities finance long-term investments. Foreign exchange rates are costs of one currency in terms of another.
Key terms
- Agency conflicts
- Problems that arise when managers' interests differ from shareholders' interests.
- Private placement
- Sale of securities to a small group of accredited investors.
- Foreign exchange rate
- Cost of one currency in terms of another.
- Capital market financing
- Financing for long-term investments such as new plant and equipment.
- Glass-Steagall Act
- Legislation that permitted commercial banks to underwrite certain securities.
- International Banking Act
- Legislation that applies to international banking.
Questions this document helps with
- What are the main services offered by commercial banks?
- How do investment banks help firms raise capital?
- What legislation governs the geographic expansion of banks?
Summary written with AI from the document's text.
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