Choose the one word or phrase that best completes the sentence and fill in the appropriate answer above.
1-
The goal of the state of California is to maintain a sound banking system without ......... limiting the entry of new banks.
A -
unduly
B -
unreally
C -
unruly
D -
unusually
2-
A competitive financial environment provides ......... choice to the public and stimulates economic development and efficiency.
A -
critical
B -
optimal
C -
maximal
D -
radical
3-
The state chartering agency makes sure that a new bank possesses the needed capital and management ......... to serve the public's needs.
A -
expertise
B -
labour
C -
practices
D -
recruitment
4-
This agency is the bank's primary ........., with the duty to protect the public from questionable banking practices.
A -
administrator
B -
moderator
C -
originator
D -
regulator
5-
The term "dual banking system" means that both the California and the US governments ......... bank charters.
A -
certify
B -
issue
C -
license
D -
publish
6-
The word "State" or "National" as part of a bank's name has nothing ......... where it operates; this refers to the type of charter it has.
A -
in common with
B -
in comparison to
C -
to do with
D -
to understand by
7-
Joining the Federal Reserve System is required for national banks, but ......... for state banks.
A -
obligated
B -
obvious
C -
optimal
D -
optional
8-
The FRS lends money to banks at a discount rate to help meet their short-term cash requirements, and is known as the lender of last ......... for banks suffering liquidity crises.
A -
chance
B -
legs
C -
request
D -
resort
9-
The minimum amount of ......... capital for a newly chartered bank should total at least $2,500,000 in capital stock.
A -
collected
B -
direct
C -
fixed
D -
startup
10-
California wishes to encourage a broad and ......... shareholder base for new banks, although the organizers may desire to limit this number due to tax or other considerations.