The Role of Commercial Banks in the Economy and the 7 Characteristics of Insurable Risks
- The role of banks in the economy has been a subject of debate for many decades now. Some argue that bank are very relevant and they play significant roles in the economy while others believe that they are more interested in reaping off the masses through exorbitant charges on the service they provide. What is your opinion on this matter?
2. What do you understand by the 7 Characteristics of insurable risks? Which of the characteristics do you consider most important or least important?