problem1. In the banker-customer contractual relationship, each party has some rights and duties. describe the duties and rights of both the banker and the customer, quoting relevant case law.
problem2. With the assist of a diagram, describe the different parties on cheque, drawn on XYZ Bank Ltd, La Tour Koenig Branch.
problem3. Describe the dissimilar parties involved in a credit card transaction effected at a merchant.
problem4. Describe how a commercial bank normally derives its profits.
problem5. The business of banking entails risk taking to attain return on investment since profits are considered to be the reward for taking such risks. describe the following key risks encountered by banks and describe how these are managed or controlled by institutions:
i) Interest Rate Risk
ii) Liquidity Risk
iii) Operational Risk