Question 3 (5 marks) What is a banking industry code of conduct?
Question 4 (10 marks)
Briefly comment on how following terms are connected in the financial system. Your
response must tell a story and link them up.
(a) Commercial banks
(b) Financial markets
(C) Financial products
(d) Borrowing and lending
(e) Interest rate
(1) Interest revenue
Question 5 (14 marks)
Name at least five (5) bank assets; five (5) bank liabilities; and five financial products,
Question 6 (5 marks)
Identify at least two laws that govern the operations of banks in PNG?
Question 7 (5 marks)
Distinguish the difference between fixed interest loans and variable interest loans.​

You are the new chief information officer for the video-game developer, necturus games. the company has recently undergone a major expansion of its primary product, and you must staff up the is department and determine the best way to develop new game "capsules" for the game, "escape velocity."

Mae jong corp. issues $1,000,000 of 10% bonds payable which may be converted into 10,000 shares of $2 par value ordinary shares. the market rate of interest on similar bonds is 12%. interest is payable annually on december 31, and the bonds were issued for total proceeds of $1,000,000. in accounting for these bonds, mae jong corp. will: (a) first assign a value to the equity component, then determine the liability component. (b) assign no value to the equity component since the conversion privilege is not separable from the bond.(c) first assign a value to the liability component based on the face amount of the bond.(d) use the “with-and-without” method to value the compound instrument.

land, a building and equipment are acquired for a lump sum of $ 1,000,000. the market values of the land, building and equipment are $ 300,000, $ 800,000 and $ 300,000, respectively. what is the cost assigned to the equipment? (do not round any intermediary calculations, and round your final answer to the nearest dollar.)