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- The author uses the term "bank" to describe several different types of financial institutions. Which of the following is NOT included under the group of firms called banks by Mishkin? A. Commercial bank B. Credit union C. Insurance company D. Savings and loan institutionChoose the function and service of a bank in which Bank Purchases and sells securities, shares and debentures on behalf of their customers. a. Miscellaneous Functions of the banks b. Discounting of Bills of Exchange c. Investment of Funds d. Agency FunctionsA bank is considering implementing a business rules management system for assessing the riskand creditworthiness of individuals as part of the loan approval process.• List and explain 3 benefits of such a system?• List 2 potential legal or ethical issues that might arise in the use of such a system
- Describe the nature of banking. What are the functions of banks? Give an example of an existing bank product or service under each function.Bank soundness is the ability of a bank to carry out normal banking operations and is able to fulfill all its obligations properly and in accordance with applicable banking regulations. Banking activities consist of:1. Ability to manage funds2. Ability to channel funds to the community3. The ability to fulfill obligations to other parties4. Compliance with applicable regulations.Meanwhile, the definition of bank soundness is a form of qualitative assessment of various aspects that affect the condition or performance of a bank through quantitative and / or qualitative assessments of the factors of capital, asset quality, management, profitability, liquidity and sensitivity to market risk.Explain what you know about a bank's soundness rating factor!What is a wholesale bank? How does it differ from a retail bank? Also, provide 2 examples of wholesale banks (local or international).
- What is considered the most important and significant financial intermediry in our financial system? Give some services offered by a universal bank. Describe the nature of operations of insurance companies.identify and explain four types of services that commercial banks offer. can you explain in own wordsBriefly compare bank financial management practices for a simple retail bank with that of a modern bank.
- PREAMBLE Today, banks do much more than accept deposits or make loans. They provide a variety of financial service to meet the diverse requirements of their customers. The link between the customer and the bank is the banker. To serve customers well and fulfill their responsibilities, bankers must have a through working knowledge of banks products, service, policies, and practices. Banks also contribute to the community, the economy, and the welfare of the nation. As businesses that operate for the benefit of their shareholders, banks seek ways to operate efficiently and profitably. To achieve all these goals, banks form business alliances, merge with or acquire other financial institutions, and support technological innovations to deliver and streamline operations. Required: (a) Discuss why banks are special in every society.(b) Discuss two specific financial services provided by banks to meet the need of Small and Medium Enterprise (SME) in Ghana. (c) Discuss three ways in which…QUESTION 4 The author uses the term "bank" to describe several different types of financial institutions. Which of the following is NOT included under the group of firms called banks by Mishkin? A. Savings and loan institution B. Commercial bank C. Insurance company D. Credit unionWhich of the items below are typically LIABILITIES for a commercial bank?(Select all that apply; two of the answers below are correct.) Reference: Chapters 11 & 12 Investment Securities (such as treasury bonds & money market securities) Vault Cash & Deposits at the Federal Reserve Customer Deposits (such as checking or savings accounts) Borrowed Funds (such as short-term borrowing from other banks, or from the Federal Reserve) Customer Loans (such as mortgages or small business loans)