DEPARTMENT OF BUSINESS AND COMMUNICATION STUDIES

BACHELOR IN BUSINESS ADMINISTRATION

C.AT 1
BEC 319: MONEY AND BANKING

INSTRUCTIONS: ANSWER ALL QUESTIONS

i. Discuss the difference between bank-based and market based financial systems
(5 marks)
ii. Clearly explain the evolution of the financial system (6 marks)
iii. Using a well-labelled diagram, explain the components of the financial system (7 marks)
iv. Give at least four (4) types of universal banks (8 marks)
v. Elaborate four (4) internal activities of the commercial bank (4 marks)