1-Which of the following is true?

(a) Universal banking refers to a banking structure where a financial institution can perform both investment banking and commercial banking functions

(b) A specialised system is a financial architecture where a commercial bank is not allowed to engage in non-commercial banking activities such as the provision of insurance services, investment banking activities, etc.

(c) The current (post-GFC era) U.S. financial system is an example of a specialised financial system.

(d) All of the above

(e) (a) and (b) of the above

2-What is an appropriate form of foreign banking presence if you wish to test the banking environment in a foreign market before full entry?

(a) branch banking

(b) Joint venture bank

(c) representative office

(d) eurobanking

(e) None of the above