1 a) Compare ETFs (Electronic / Exchange Traded Funds) with Mutual Funds studied in the class. Specifically look at the (i) common features, such as ownership and the financial assets involved; and differences between the funds.

b) How or in what way is the ETF connected to the Financial System. Specifically, think about the assets, involvement in financial institution or financial market with the justification (that is reasons) in mind.

2 . In the recent past, small business lenders (for example 'biz2credit', 'kabbage', 'CANCapital', and 'LendingClub') have become popular. Their major function is to provide loans to small businesses to carry on the day-to-day business operations. You may not need to do research in order to answer the following questions. But most definitely you would have to use your analytical mind and make connections to the material learned in the class.

a) Why are these lenders important to the financial system? Include the competition from the financial institutions (such as commercial banks, shadow banks) discussed in the class.

b) What do you think about the long run sustainability of these lenders? Think about what does it take to survive as lenders and what may be major hurdles for their survival.