Select any two (2) of the following questions to answer. As you develop your essay, remember to include not only text materials but contemporary materials as well. These can come from various sources and can reflect domestic and/or global concerns. Make sure you indicate which questions you are answering, and answer each separately. Make sure you answer all parts of each question and cite any and all sources you are using. If you are copying directly from any source, make sure you use quotation marks. How does a general increase in uncertainty as a result of a significant financial crisis or the failure of a major financial institution lead to an increase in adverse selection and moral hazard problems? How do financial markets and financial institutions interact to contribute to both economic growth and economic stability? How does the economic system integrate these seemingly contradictory objectives? (Enumerate on each set of objectives.) Unlike commercial banks, savings and loans, and mutual savings banks, credit unions do not have restrictions on locating branches in other states. Why, then, are credit unions typically smaller than the other depository institutions? Why is the US banking system known as a dual banking system? What historical developments led to that structure? How is the structure justified today? What was the Sub-Prime Mortgage Crisis? What caused it? Could the crisis have been prevented? How? In response to the Sub-Prime Mortgage and Financial Crisis, President Obama in July of 2010 signed into law the “Dodd–Frank Wall Street Reform and Consumer Protection Act”. What was the acts stated aim/purpose? What was the “To Big to Fail” doctrine? Name and describe one new regulatory agency created by the law. How are life insurance companies organized? How are they supervised and regulated? What major changes have recently occurred in the investment policy of insurance companies? Why have these changes taken place? Additional Requirements Min Pages: 2 Other Requirements: Regular module related essay questions to develop. These essays should be at least two pages in length and conform to standard English conventions – – email style is not acceptable. Please regard these questions as simply points of departure for your discussion. That is, feel free to modify them as needed so that you can best demonstrate the scope and depth of your understanding of the materials under consideration. It is expected that you will incorporate current/contemporary materials from the *WALL STREET JOURNAL into your discussion. Of course materials found in any of the major economic/business/financial publications such as * BARRON’S. FORBES, NEW YORK TIMES, BUSINESS WEEK, ECONOMIST can be used to supplement the Journal articles in developing your essay