Question 1 a) You are visiting your grandparents for dinner. Your grandpa notices that you are carrying lecture notes on Credit Unions. He asks you what a credit union is, why we have credit unions and what they do. In your own words, respond to his questions giving specific examples that allow him to understand the functions of credit unions. b) You are working in a bank. A customer approaches you with an interest in investing funds for a period of six months. The customer is undecided between taking a term deposit and purchasing a negotiable certificate of deposit. The customer's uncertainty has roots in the COVID-19 pandemic situation. Explain each of these investment products to the customer and also provide advice on risk-reward trade-offs that might be associated with each product. | c) Banks invest in financial securities that they hold in their securities portfolio. A proportion of these securities may be Government Securities. Explain what are government securities and why do banks invest in this type of security