Question 1

Which of the following would not be a telephone service that customers can get from a bank call center?

Accepted Answer

A)  The current balance in their account
B)  A fax copy of a loan application to the bank
C)  List of what transactions have passed through the account
D)  Access to their safety deposit box
E)  All the options are telephone services customers can get from a bank call centerF) C) and D)
G) A) and C)

Question 2

The most desirable sites for full-service branch bank offices usually have which of the following characteristics?

Accepted Answer

A)  Heavy traffic volume
B)  Large numbers of retail shops and stores
C)  Above-average age populations
D)  All of the options are correct
E)  None of the options are correctF) C) and E)
G) B) and E)

Question 3

A(n)______________________ terminal in a retail store allows a customer to pay for goods and services by instantly debiting his or her checking account.

Accepted Answer

The answer of A(n)______________________ terminal in a retail store allows...

Question 4

The first ATM machine could only handle cash withdrawals.

Accepted Answer

A) True 
 B)False

Question 5

The Chahad Bank wants to open a new branch in a distant city with very different economic conditions.Currently,the bank has an expected return of 15% with a standard deviation of 7%.The new branch is expected to have a return of 20% with a standard deviation of 10%.The correlation between the bank's returns and the returns from the new branch is -0.3.The new branch is expected to contribute 10% of the bank's revenues.What is the expected return for the bank if they add the new branch?

Accepted Answer

A)  35%
B)  19.5%
C)  17.5%
D)  15.5%
E)  -15.9%F) A) and C)
G) B) and D)

Question 6

Most new U.S.banks are chartered in:

Accepted Answer

A)  small communities where there is very little existing competition.
B)  relatively large urban areas where organizers can earn higher expected rates of return on their investment.
C)  rural areas where they will be more convenient for customers.
D)  All of the options are correct
E)  small communities where there is very little existing competition and provides more convenience for the customers.F) C) and E)
G) B) and C)

Question 7

To close a bank branch office in the United States,a bank must give its customers 30 days advance notice.

Accepted Answer

A) True 
 B)False

Question 8

Chester National Bank is considering adding a new branch bank.It knows that it will cost $2.5 million to build the branch and it believes that it will generate $214,526 per year for the next 25 years.Chester National Bank requires a return of 10% on all new projects it undertakes.What is this project's net present value? (Round to the nearest $100)

Accepted Answer

A)  -$552,700
B)  -$3,052,700
C)  $1,947,300
D)  $2,863,200
E)  $5,363,200F) A) and B)
G) A) and E)

Question 9

State banking commissions,on average,impose tougher standards for chartering new banks than the federal chartering agency,the Comptroller of the Currency.

Accepted Answer

A) True 
 B)False

Exam 4: Establishing New Banks, Branches, ATMs, Telephone Services, and Websites

The most desirable sites for full-service branch bank offices usually have which of the following characteristics?

Correct Answer
verified

Most new U.S.banks are chartered in:

Correct Answer
verified

State banking commissions,on average,impose tougher standards for chartering new banks than the federal chartering agency,the Comptroller of the Currency.

Correct Answer
verified

The first ATM machine could only handle cash withdrawals.

Correct Answer
verified

To close a bank branch office in the United States,a bank must give its customers 30 days advance notice.

Correct Answer
verified

Which of the following would not be a telephone service that customers can get from a bank call center?

Correct Answer
verified

A(n)______________________ terminal in a retail store allows a customer to pay for goods and services by instantly debiting his or her checking account.

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Exam 4: Establishing New Banks, Branches, ATMs, Telephone Services, and Websites

The most desirable sites for full-service branch bank offices usually have which of the following characteristics?

Correct AnswerverifiedShow Answer

Most new U.S.banks are chartered in:

Correct AnswerverifiedShow Answer

State banking commissions,on average,impose tougher standards for chartering new banks than the federal chartering agency,the Comptroller of the Currency.

Correct AnswerverifiedShow Answer

The first ATM machine could only handle cash withdrawals.

Correct AnswerverifiedShow Answer

To close a bank branch office in the United States,a bank must give its customers 30 days advance notice.

Correct AnswerverifiedShow Answer

Which of the following would not be a telephone service that customers can get from a bank call center?

Correct AnswerverifiedShow Answer

A(n)______________________ terminal in a retail store allows a customer to pay for goods and services by instantly debiting his or her checking account.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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