2. a. What are the services that financial institutions usually extend in an economy? b. Illuminate nature of liabilities. Explain each of the four categorized liabilities of any financial institution. c. Find out categorizations of and motivation for financial innovation. d. State justifications for regulation in the financial market. 3. a. An optimum reconcilement between asset and liability of a bank helps to assure a positive spread. - illustrate. b. How does commercial bank raise its fund?

c. In what way central bank regulates its member banks? d. Describe all about Credit Union including its assets and funding.