bank management - chapter 1

¡Supera tus tareas y exámenes ahora con Quizwiz!

what is a bank? how does a bank differ from other financial institutions?

A bank is any business offering deposits subject to withdrawal on demand and making loans of a commercial or business nature. Financial institutions offer extended services such as investing and financial planning, which traditional banks do not.

How have banking and the financial-services market changed in recent years? What powerful forces are shaping financial markets and institutions today?

Financial-service providers are converging in terms of the services they offer. deregulation has allowed 'one-stop' shopping for services in the finance and banking marketplace

Which businesses are banking's closest and toughest competitors? What services do they offer that compete directly with banks' services?

The U.S. Financial Services Modernization (Gramm-Leach-Bliley) Act of 1999 has allowed many different types of financial firms to offer the public one-stop shopping for financial services. Online banks offer a host of services with better interest rates, without physical locations

What is happening to banking's share of the financial marketplace and why?

banks are vying to offer services that are competitive with other finance firms. the banks share of the financial marketplace is growing, and the line between banking/finance is becoming blurred


Conjuntos de estudio relacionados

Machine Transcription & Dictation Rules Flash Cards 2017

View Set

Chapter 5 The Flow of Food: Purchasing, Receiving, and Storage 6th

View Set

Anatomy & Physiology Module Test 5

View Set

Ch 58: Disorders of the Kidneys and Ureters NCLEX Q

View Set

Iowa General and Household Pest Management Category 7A

View Set

EAQ: Content Area > M/S Nrsg > Urinary/Reproductive

View Set