Problem
i. Explain the basic function of commercial banking and what are the main characteristics of universal, specialized commercial and personal banking (Two pages).
ii. How credits are classified in banking and what are the main financial services of banking in the USA other than credits (Three pages).
iii. What are the main passive banking operations. Differentiate very well between deposit instruments and other liabilities with third parties (Bonds, securitization or securitization, etc). Max three pages.
iv. State and explain what is meant by investors or institutional investors, what they are and what their function is in the financial and capital markets (Max two pages).