商业银行管理彼得S.罗斯英文原书第8版 英语试题库Chap007.doc

Chapter 7 Risk Management for Changing Interest Rates: Asset-Liability Management and Duration Techniques Fill in the Blank Questions 1. The ___________________ view of assets and liabilities held that the amount and types of deposits was primarily determined by customers and hence the key decision a bank needed to make was with the assets. Answer: asset management 2. Recent decades have ushered in dramatic changes in banking. The goal of __________________ was simply to gain control of the banks sources of funds. Answer: liability management 3. The__________________________ is the interest rate that equalizes the current market price of a bond with the present value of the future cash flows. Answer: yield to maturity (YTM) 4. The __________________ risk premium on a bond allows the investor to be compensated for their projected loss in purchasing power from the increase in the prices of goods and services in the future. Answer: inflation 5. The __________________ shows the relationship between the time to maturity and the yield to maturity of a bond. It is usually constructed using treasury securities since they are assumed to have no default risk. Answer: yield curve 6. The __________________ risk premium on a bond reflects the differences in the ease and ability to sell the bond in the secondary market at a favorable price. Answer: liquidity 7. __________________________ are those assets which mature or must be repriced within the planning period. Answer: Interest-sensitive assets 8. __________________________ is the difference between interest-sensitive assets and interest-sensitive liabilities. Answer: Dollar interest-sensitive gap  9. A(n)__________________________ means that the bank has more interest-sensitive liabilities than interest-sensitive assets. Answer: negative interest-sensitive gap (liability sensitive) 10. The banks__________________________ takes into account the idea that the speed (sens