1. Explain how technology can rapidly impact the behaviour of banks and their customers. In your answer specifically refer to recent mobile phone app development in China. 2. Outline the main...

1. Explain how technology can rapidly impact the behaviour of banks and their customers. In your answer specifically refer to recent mobile phone app development in China.

2. Outline the main differences between bank intermediation and market transactions.

3. Explain how relationship lending reduces information asymmetries for banks. Consider whether market transactions can reduce such asymmetries.