1. What are the essential differences between chartered banks, trust and mortgage loan companies, and credit unions and caissespopulaires? 2. Why have banks been losing cost advantages in acquiring...

1. What are the essential differences between chartered banks, trust and mortgage loan companies, and credit unions and caissespopulaires?

2. Why have banks been losing cost advantages in acquiring funds in recent years?

3. If inflation had not risen in the 1960s and 1970s, the banking industry might be healthier today. Is this statement true, false, or uncertain? Explain your answer.

4. Why have banks been losing income advantages on their assets in recent years?

5. The invention of the computer is the major factor behind the decline of the banking industry. Is this statement true, false, or uncertain? Explain your answer.