For your assignment, develop a paper that identifies the similarities and differences of several financial institutions, specifically the commercial bank. The purpose of this assignment is to develop an understanding of financial institutions and the interconnection on a global scale. Thus, the goal is to provide focused detail on the institutions you choose to review, especially the commercial and central banks. Conclude the paper with your informed opinion on how central banks around the globe work with each other.
Be sure to include the following in your assignment:
Identify and describe one of the nine types of financial institutions.
Provide an examination of the commercial bank and its importance in the domestic environment.
- Explain the role of central banks and the impact on the global economy.
- Produce a table or chart in the body of the paper that compares the financial institution you chose with the role of the central bank and commercial bank.
- Determine the differences for income generation.
- Describe a regulation for each financial institution.
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