1. Describe the events that led to the recent financial crisis including the collapse of Bear Stearns and Lehman Brothers. How did the government respond?
2. Identify the three main types of commercial banks. Explain how a typical commercial bank is capitalized.
3. Explain the difference between an ordinary life and group life insurance policy. Also, explain the difference between a term life and whole life policy.
4. What are the key areas of activity for securities firms? Describe the difference between brokerage services and underwriting services.
5. Since finance companies seemingly operate in the same market as traditional banks, why are they not subject to the same regulations as banks?
6. Are savings institutions likely to be more or less exposed to interest rate risk than are banks? Explain your answer.