Question 1:

i) Explain the process of financial intermediation and discuss the existence of banks.

ii) Examine the implications of the existence of financial intermediaries for both savers and borrowers and the economy as a whole.

Question 2:

i) Critically assess the reasons banks set up branches or subsidiaries and become Multinational banks as compared to export banking services?

ii) ‘International banking developments is always good for the welfare of national economies ‘. Discuss the statement