A personal financial statement is a document or spreadsheet which shows an individuals financial position at a given point in time. A personal financial statement includes general information about an individual, such as name and address, along with the total assets and liabilities. This statement is useful for tracking financial goals and wealth. It is also often required when applying for credit.

I. On this topic, you are required to prepare your own personal financial statement for the year 2021, by providing at least 12 different assets and 6 different liabilities, along with discussing the importance of preparing personal financial statement. (35 marks)

II. Financial intermediaries play a major role on improving the financial status of an individual. There are different types of financial intermediaries, you are required to discuss the role of two different financial intermediaries in improving the financial status of an individual and explain how they differ from each other? (35 marks)

III. A financial market is a place where buyers and sellers can meet each other and undertake buying and selling of financial instruments such as shares, bonds, treasury bills and commercial papers etc. There are different types of financial markets, you are required to discuss the differences between capital market and money market based on participants, instruments traded, duration of securities traded, expected return, safety and liquidity. (20 marks)

IV. Write a conclusion proving that the role of commercial banks is more important than other financial intermediaries in improving the financial status of an individual.