1. What are the principal types of assets and liabilities of commercial banks? How have these types of assets and liabilities changed over time, and how has the role of commercial banks changed over time?
2. Explain the concept of bond ratings: what are they, who provides them, what do they mean to investors, and what are the differences between ‘investment grade’ and ‘below-investment-grade’ bonds.
3. Give a general identification and description of the different types of financial institutions in operation globally, including their main services, and their role in world trade. This could be in a chart format, but be sure to provide detail.