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[BFN306] Which ownership form of bank ownership is likely to short-circuit market pressures on banks
government ownership

[BFN306] While commercial banks are retail banks, merchant banks are mainly
wholesale banks

[BFN306] The financial system contributes to economic growth by
all of the above

[BFN306] Political economy was developed around  the
18th century

[BFN306] The interaction of economics, law and politics, and how institutions develop in different social and economic systems refers to
political economy

[BFN306] An economic system that is charactersised by state ownership of means of production and distribution of goods and services is
socialism

[BFN306] Lenders will demand compensation for parting with their money and getting it back slowly overtime. This is principle of
time

[BFN306] Banking and economic crises usually trigger
reforms

[BFN306] People prefer the known to the unknown all things being equal. This illustrates the principle of
stability

[BFN306] The first set of known merchant banks  in Nigeria began operations in
1960