QUESTION ONE The liquidation and collapse of banking and microfinance institutions in the last five years in Ghana have increased doubts in the minds of depositors about the relevance of the financial market as a whole. A recent survey by IMANI Ghana revealed that most regular depositors would prefer keeping their funds under their pillows at home to depositing them in a banking institution. As a student of Money and Capital Markets, you have been invited to a policy debate on a popular radio station to argue for the benefits of having a financial system. You are required to highlight and discuss five key reasons why we need a financial system. (15 marks)