(a) Banking is an industry, that handles cash, credit, and other financial transactions. Explain the main structural feature of:

(i) United States banking and its financial system. (10 marks)

(ii) Japanese banking and its financial system. (10 marks)

(b) The impact of the Covid-19 pandemic on banks was relatively exclusive in comparison to other industry trends. There has been minimal shock since the pandemic struck the country in March 2020. Banks were not impacted due to enough regulatory support in terms of recognition of Non-Performing Assets (NPAs) as well as financial support from the government to shore up the capital. Refer to the above statement, in your knowledge how should be the solution to the prevent financial crisis. (10 marks)