Question 1 Rank the following financial institutions in order of degree of regulation and appraise your choice by giving two (2) reasons to support your conclusion for each institution. The institutions are: mutual fund, hedge fund, commercial bank. Use the following format for your answer. Heavily regulated: Type of Institution Reason 1: Reason 2: Moderately regulated: Type of Institution Reason 1: Reason 2: Lightly regulated: Type of Institution Reason 1: Reason 2: (25 marks)