Question 3 (5 marks) What is a banking industry code of conduct? Question 4 (10
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.