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(a) Distinguish between the activities of retail and investment banks and discuss how this has...

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Finance

(a) Distinguish between the activities of retail and investment banks and discuss how this has an impact on their approaches to risk management. [7 marks] (b) Explain liquidity risk and credit risk faced by banks and discuss how banks manage these risks [16 marks] (c) Explain why traditional banking has been on the decline in recent years. [10 marks]

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