Question 3 (5 marks)
What is a banking industry code of conduct?
Question 4 (10 marks)
Br...
Question 3 (5 marks)
What is a banking industry code of conduct?
Question 4 (10 marks)
Briefly comment on how following terms are connected in the financial system. Your
response must tell a story and link them up.
(a) Commercial banks
(b) Financial markets
(C) Financial products
(d) Borrowing and lending
(e) Interest rate
(1) Interest revenue
Question 5 (14 marks)
Name at least five (5) bank assets; five (5) bank liabilities; and five financial products,
Question 6 (5 marks)
Identify at least two laws that govern the operations of banks in PNG?
Question 7 (5 marks)
Distinguish the difference between fixed interest loans and variable interest loans.​
Answers: 2
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