More recently the issue of public need has become an increasingly important factor in the granting of bank charters.

The total number of full-service branch offices has declined in the United States in recent years.

Bank branch offices are often specially configured today to maximize sales opportunities.

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

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

Access to a P0S terminal is gained through the use of a credit card.

The FDIC Improvement Act of 1991 requires a bank closing one of its branches to give its customers a minimum notice of:

Most U.S. banks are chartered in urban areas.

Newly designed bank branch offices in recent years have emphasized more heavily effective communication of service options to the customer in an effort to promote service sales.

A so-called PIN gives a bank customer access to his or her account through a(n):

One argument frequently presented for regulation and control over bank chartering activity is that banks can create more money than any other financial institution.

More desirable bank branch office sites normally have residents who are above-average in age.

The majority of new banks do not become profitable for at least a decade.

Computer terminals which allow customers to make cash withdrawals, check deposit balances and make deposits without dealing with a teller are known as:

The FDIC Improvement Act requires that all new depository institutions have FDIC insurance.

On-line P0S terminals substantially out-number off-line P0S service systems.

Computer facilities in retail shops and stores that permit a customer to instantly pay for goods and services electronically by deducting the cost of each purchase directly from his or her deposit account are known as:

The number of bank charters issued annually in the United States has averaged about:

One of the keys to branch office profitability is to apply the latest information technology and thereby lower personnel costs.

In the short-term newly-chartered banks fail at a higher rate than established banks.

The OCC does not charter internet-only banks.

Key factors that organizers of a proposed new bank use in evaluating their investment opportunity include which of the following?

One of the benefits of securing a state bank charter instead of a federal bank charter is:

U.S. banking laws require the organizers of a proposed new bank to demonstrate:

One of the benefits of securing a federal (national) bank charter instead of a state bank charter is:

Research indicates that States with more liberal chartering standards experience a higher rate of bank failures.

Most new banks are situated along major routes of travel for commuters going to work or to shopping areas and schools.

"Public need" is usually established with federal or state chartering authorities by showing that existing banks in the area are adequately profitable and have satisfactory amounts of capital.

Typically much less costly to build and maintain, costing as little as one-fourth the expense incurred in constructing and operating as a stand-alone branch, and experiencing more traffic flow than conventional branches are:

Society pays a price if it restricts the number of bank charters below the number that the private sector normally would generate due to lessened competition.

The optimal choice for a new branch site must be that site that offers the bank the highest expected rate of return on the capital invested in the project.

The first ATM machine could only handle cash withdrawals.

Getting a bank charter from the Comptroller of the Currency means that the bank will simultaneously apply for FDIC insurance so no duplication of effort occurs.

Higher levels of savings deposits are usually to be found in those bank branch office locations where there is an above-average proportion of older heads of households and where there is a large proportion of residents who own their own homes.

The existence of branch banking in a given state:

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

According to the textbook, the disadvantages of a federal charter include which of the following:

One half of all transactions through an ATM machine are deposits.

ATMs are profitable for all banks since they can eliminate tellers at branches that have ATMs.

When considering possible location for new branches, the expected rate of return is the only decision that management should consider.

Most new U.S. banks are chartered in:

What is this bank's expected standard deviation after adding this branch?

The proposed new branch's negative return correlation with existing branch offices and other assets can serve to lower the overall bank's riskiness and is an important justification for branch establishment. This is referred to as geographic diversification effect.

Which of the following is one of the common services provided by banks on the internet today?

A charter of incorporation to start a new U.S. bank can be issued by:

Which factor(s) does OCC assess during the application process for a national bank charter?

One of the benefits of applying for a federal (national) bank charter over a state charter is:

Most new banks:

In what merger region of the country do the most newly-chartered banks occur?

In the U.S, what is the average population per branch office?

What type of bank would they be if their application is approved?

What is this bank's expected risk (measured by the standard deviation) after adding this branch?

What is this project's expected rate of return or internal rate of return? (Round to the nearest whole percent)

Which factor would this address when considering whether to add a new branch?

Suppose Second National Bank is considering adding 5 new ATM machines. What is the net present value of this investment?

What is the expected return of the bank if they add the new branch?

Which decision factor for seeking a new charter are the investors discussing?

What is the NPV of this project? (Round your answer to the nearest $1000)

In the short-term newly-chartered banks fail at a (n) __________ rate than established banks.

Which factor would this address when considering whether to add a new branch?

Which decision factor for seeking a new charter are the investors discussing?

Suppose Third State Bank wants to add a new branch office. What is the expected rate or return on this investment? (Round to the nearest whole percent)

What is this bank's total expected return after adding this branch?

This is an example of:

Murphy National Bank is thinking about adding a new branch in a very different market area. What is the expected return of the bank with the new branch?

Which regulatory agency must approve the merger?

Which decision factor for seeking a new charter are the investors discussing?

Which factor would this address when considering to add a new branch?

What is the standard deviation of this bank if they add the new branch? (Round your answer to the nearest .1%)

Which decision factor for seeking a new charter are the investors discussing?

What is this project's net present value? (Round to the nearest $100)

What categories do authentication factors generally fall in?

Which regulatory agency must approve the merger?

Murphy National Bank is thinking about adding a new branch in a very different market area. What is the bank's expected risk (measured by the standard deviation) with the new branch? Round to the nearest .1 percent.

Which factor would this address when considering whether to add a new branch?

Which of the following is not an advantage of ATMs?

Which decision factor for seeking a new charter are the investors discussing?

Which of the following would not be a telephone service a customer could get from a bank call center?

Which factor would this address when considering whether to add a new branch?

What is the expected rate of return or internal rate or return of this project? (Round your answer to the nearest .1%)

Which of the following is true concerning branch offices?

Payment by electronic direct deposit now comprises over 50 percent of all transactions.

Suppose Third State Bank wants to add a new branch office. What is this project's net present value?