Wk 2 Apply: Summative Assessment: Financial Institutions

Answer the following questions:

Explain in 175 words why banks are different from other depository institutions. Provide specific examples to support your explanation.

Compare in 175 total words hedge funds with mutual funds. In what ways are they similar and how do they differ?

Similarities	Differences

Compare in 175 total words the major differences between large banks and small banks. Which have had higher return on assets (ROA)?

Similarities	Differences

Describe in a total of 350 words the major types of financial institutions and their roles in the finance industry.

Financial Institution	Description	Role in Finance Industry
Commercial Banks
Savings Institutions
Credit Unions
Finance Companies
Investment Banks
Investment Companies
Hedge Funds

Explain in 175 words the difference between diversified full-line investment banks, full-line national firms, and various specialized types of firms such as regional investment bankers or venture capital firms.