NATIONAL OPEN UNIVERSITY OF NIGERIA

UNIVERSITY VILLAGE, PLOT 91, CASDASTRAL ZONE, NNAMDI AZIKIWE EXPRESS WAY, JABI, ABUJA.
FACULTY OF MANAGEMENT SCIENCES
JANUARY 2021 EXAMINATION

COURSE CODE: BFN 407

CREDIT UNIT: 3

COURSE TITLE: INVESTMENT BANKING

TIME ALLOWED: 2½ Hours

INSTRUCTIONS: 1. Attempt Question Number one (1) and any other three (3). 2. Question Number 1 is compulsory and carries 25 marks, while the other questions carry 15 marks each 3. Present all your points in coherent and orderly manner

Question One (a) Enumerate the features of a developed money market (15 Marks)

(b) Explain in factual terms, the concept of Discount House. (10 Marks)

Question Two Write short notes on the following:

i Group Banking (5 Marks) ii Chain Banking (5 Marks)

iii Correspondent Banking (5 Marks)

Question Three Nigerian Stock Exchange is an essential organ of economy. Describe the meaning of the Nigerian Stock Exchange and outline its broad objectives. (15 Marks)

Question Four Crarify and discuss the important functions of Development Banks in Nigeria. (15 Marks)

Question Five Compare and contrast between the Real Bills Doctrine and the Liability Management Theory. (15 Marks)