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NATIONAL OPEN UNIVERSITY OF NIGERIA
UNIVERSITY VILLAGE, PLOT 91, CASDASTRAL ZONE, NNAMDI AZIKIWE EXPRESS WAY, JABI, ABUJA.
FACULTY OF MANAGEMENT SCIENCES
APRIL/MAY 2019 EXAMINATION
COURSE CODE: BFN304
CREDIT UNIT: 3
COURSE TITLE: FINANCIAL SYSTEMS
TIME ALLOWED: 21/2HRS
INSTRUCTIONS:
1. Attempt Question One (1) and any other three (3) questions
2. Question 1 carries 25 marks, while the other questions carry 15 marks each.
3. Present all points in coherent and orderly manner
1a (i) Explain the term Universal Banking. (2 marks)
(ii) Discuss four (4) advantages and four (4) disadvantages of Universal banking. (8 marks)
(b) Discuss any two (2) stages in the development of The Nigerian Financial system. (5 marks)
(c) Explain ten (10) functions of Merchant Banks. (10 marks)
2(a) Discuss the functions of five (5) most prominent International Financial Institutions. (10 marks)
(b) Explain five (5) reasons responsible for failure of rural banking in Nigeria. (5 marks)
3(a) Explain five (5) functions of a Financial System. (5 marks)
(b) Discuss five (5) roles of Commercial Banks in a developing country. (10 marks)
4(a) Explain five (5) various types of insurance policies. (7½ marks)
(b) Explain five (5) functions of network of participants in International Financial System. (7½ marks)
5(a) Explain five (5) methods of Credit Control. (7½ marks)
(b) Explain the various types of Investment Companies. (7½ marks)
6(a) Explain the functions of the Asset Management Company of Nigeria. (5 marks)
(b) Discuss the roles of five (5) regulatory authorities in the Nigerian Financial System. (10 marks)
