首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
考研
About one commercial bank out of every four has a trust department that provides specialized fiduciary services for its customer
About one commercial bank out of every four has a trust department that provides specialized fiduciary services for its customer
admin
2011-12-20
83
问题
About one commercial bank out of every four has a trust department that provides specialized fiduciary services for its customers. To engage in the trust business, a bank must obtain from its chartering agency trust powers that enable it to offer these specialized financial services. The following sections provide an introduction to the trust function.
With roughly 75 percent of banking-industry participants not engaged in trust operations, trust services obviously play a somewhat limited role in the industry. Since 1981 the percentage contribution of these revenues to total operating income and total assets has been increasing after declining since 1975. As of year-end 1983, trust income was $ 4.2 billion and amounted to 1.74 percent of total operating income and 0. 185 percent of total bank assets. Over the eight-year period 1975 to 1983, trust income grew at a compound annual rate of 12.78 percent compared to 17.42 percent for total operating income and 11.81 percent for total assets.
Trust departments generate revenue by charging fees for the services they provide. In the early days of the trust business, these fees usually were calculated as a percentage of income earned from trust assets. Today, most fee income is based upon principal value or a combination of principal value and income. To illustrate, a fee schedule based upon principal value for personal trust accounts might range from 1 percent to 25 percent annually, depending upon the size of the account. One of the controversial areas in trust management is how to measure fee income.
The service objectives of trust and agency relationships involve five major operations: 1) recordkeeping, 2) safekeeping, 3) personal and financial counseling, 4) investing, and 5) control of assets.
Personal trusts and employee-benefit accounts are the major business lines of trust departments, as of December 31, 1980, these two lines accounted for $ 440 billion or 77 percent of total trust assets of $ 571 billion. In each of the major business lines, common stocks are the major investment vehicle, as they account for roughly 48 percent or total trust assets. Personal trusts have the highest proportion of assets in common stocks at 56 percent.
______ In personal trusts and employee-benefit accounts of trust departments during the 1980s, common stocks are the major investment vehicle.
选项
A、TRUE
B、FALSE
C、NOT GIVEN
答案
C
解析
最后一段第一句虽然提到“如同1980年12月31日一样,个人信托和员工福利是信托部门的主要业务”,并且在第二句中说明普通股票是现在主要的投资途径,但第二句中只是单纯描述现在的情况,并没有捉到是否同八十年代相同,因此不能推断出八十年代的主要投资途径是否是普通股票,故选C。
转载请注明原文地址:https://kaotiyun.com/show/Mxua777K
本试题收录于:
翻译硕士(翻译硕士英语)题库专业硕士分类
0
翻译硕士(翻译硕士英语)
专业硕士
相关试题推荐
桂花
InternationalAtomicEnergyAgency
Therearemorerichpeoplethaneverbefore,includingsome7millionmillionaires,andover400billionaires.Fromsippingcham
“Weareinterestedincontentthatpeoplewanttosharepartlyforpragmaticreasons.”这句话准确的汉语翻译是()。
Gotmilk?Ifyoudo,takeamomenttoponderthetrueoddnessofbeingabletodrinkmilkafteryou’reababy.Nootherspeci
Foramanwhowantstheworldtoslowdown,CarlHonore’smomentofclaritycamein,ofallplaces,anairport.TheCanadianjo
Theroleofgovernmentsinenvironmentalmanagementisdifficultbutinescapable.Sometimes,thestatetriestomanagetheresou
Dr.Segurahasa______signonhisofficedoor:"I’dliketohelpyouout.Whichwaydidyoucomein?"
Hewasgivenapositionontheboard______hislongassociationwiththecompany.
Thepatientagreedandtheexperimentwascarriedoutinthesummerof2017.ItwasthefirsttimeCRISPR-Cas9wasusedonaHIV
随机试题
“黑马”一词其实是从英语舶来的,原指体育界一鸣惊人的后起之秀,后指实力难测的竞争者或在某一领域独树一帜的人,无贬义或政治含义。首先在英文中使用“黑马”的人,是英国前首相狄斯雷利,他在一本小说中这样描写赛马的场面:“两匹公认拔尖的赛马竟然落后了,一匹‘黑马’
含孕酮的活性宫内节育器的避孕机理是
下列关于β-CD包合物优点的表述不正确的是
有一玻璃劈尖,置于空气中,劈尖角为θ,用波长为λ的单色光垂直照射时,测得相邻明纹的间距为l,若玻璃的折射率为n,则θ、λ、I与n之间的关系为()。
对城市布局现状的分析,应着重于()。①城市结构用地布局是否合理②城市用地布局结构能否适应发展要求③城市用地结构对生态环境的影响④城市交通系统结构的协调布局
1.某办公楼卫生间给排水系统工程设计,见图3-T-2。给水管道系统及卫生器具有关分部分项工程量清单项目的统一编码,见表3-T-4。2.某单位参与投标一碳钢设备制作安装项目,该设备净重1000kg,其中:设备筒体部分净重为750kg,封头、法兰等净重为2
依据《国家赔偿法》的规定,公安民警违法行使职权造成公民死亡的或全部丧失劳动能力的人扶养的未成年人的生活费给付至16周岁止。()
英国资产阶级革命开始于:
教师要不断提高自己的能力和水平。
It【C1】______aroundnineo’clockwhenIdrove【C2】______homefromworkbecauseitwasalreadydark.AsIapproachedthegatesIsw
最新回复
(
0
)