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PART I. CASE STUDY (30 Marks). Direction: Answer the following questions. 1, The main difference between other financial institutions and banks is that other financial
PART I. CASE STUDY (30 Marks). Direction: Answer the following questions. 1, The main difference between other financial institutions and banks is that other financial institutions cannot accept deposits into savings and demand deposit accounts, while the same is the core businesses for banks. Use your knowledge to explain the following financial institutions: 1.1 Insurance company (5 marks) 1.2. Investment Bank (5 marks) 1.3. Central Bank (5 marks)
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