1. Explain why the Financial statements of banks and those of non-bank financial resemble each other?(2 marks) They are similar many in aspects. The general structure formula of the balance sheet is the same Assets= Liabilities + Equity. So the left side of the balance sheet is the uses of fund and the left side is the sources of funds. 2. Do they have any differences? If so explain as much as you can?(3 marks) Yes, the balance sheet formula for the banks and financial sector is much complicated and detailed than the non-bank