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Use the links provided to answer each question. 1. Bankin

    Use the links provided to answer each question. 1. Banking in the US is very heavily regulated, especially for new entrants into the industry. Why do you think this is so and what are the benefits and costs of such a heavily regulated industry?… 2. What are the main functions of the financial system and why are these important?… 3. What is money and what economic functions does money preform?…4. What is an interest rate and what economic function does it preform?… 5. What factors cause interest rates to change?… 6. What is the risk structure of interest rates and why is this important?…

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