Question 4 (a) Debt level among young adults in Malaysia has been tremendously increased. This critical phenomenon has worried financial institutions on the concern of young adults unable to repay their loan instalment. In your opinion, which type of non-revolving loan would lead the most critical debt issue among young adults in Malaysia? Discuss the issue and justify your answer with support. (Word limit = 300)

(b) Financial institutions will encounter technology risks such as ineffective IT strategy, outmoded technology, and third-party risks. What is the main reason that leads FIs continue to employ the innovative technology? Discuss and justify your answer with support. (Word limit = 300)