Question 14 List 5 primary functions of the Bank of England (5 marks) Describe the 3 types of asset transformation (6 marks) What is a financial intermediary Give 3 examples to support your answer ( 3 marks) What is the difference between a retail and an investment bank Illustrate your answer by describing how a) retail banks and b) investment banks make money and raise finance for other counterparties (6 marks)

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Question 14 List 5 primary functions of the Bank of England. (5 marks) Describe the 3 types of asset transformation. (6 marks) What is a

Question 14

List 5 primary functions of the Bank of England.

(5 marks)

Describe the 3 types of asset transformation.

(6 marks)

What is a financial intermediary? Give 3 examples to support your answer.

(3 marks)

What is the difference between a retail and an investment bank? Illustrate your answer by describing how a) retail banks and b) investment banks make money and raise finance for other counterparties.

(6 marks)

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