- 20 Marks
EOB – APR 2024 – L1 – Q7 – Laws Related to Banking and Differences Between Banks and Microfinance Institutions
State four other laws related to the banking system; identify and explain four differences between a bank and a microfinance institution
Question
a. The Banks and Specialized Deposit Taking Institutions Act (Act 90) defines “banking law” as an enactment related to the banking system. State any other four (4) laws (Acts of Parliament) that are related to the Banking System in Ghana. (4 marks)
b. Banks and Micro Finance Institutions are all players in the Banking Industry with similarities and differences. Identify and explain any four (4) differences between a Bank and a Micro Finance Institution. (16 marks)
(Total: 20 marks)
Find Related Questions by Tags, levels, etc.
- Tags: Act 930, Acts of Parliament, Banking Laws, Banks vs Microfinance, Differences
- Level: Level 1
- Topic: Financial Institutions Overview
- Series: APR 2024
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