1)state and explain what constitutes assets and liabilities in commercial banks and how profitability is measured.( 8 marks)

2)explain the following term, clearly stating the impact they have on the provision of financial services. information asymmetry,adverse selection,moral hazard. (9 marks)

3) comment on the characteristics following the type of financial intermediaries and how there services may defer from other financial intermediaries. investment banks,insurance companies,pension funds,credit unions. (8 marks)