1. Show two effects that have actually been experienced by Singapore, due to the collapse of US banks this year. Evidence should be given to prove the presence of each effect.

2. Analyse one factor that may cause banks in Singapore today to have less risk of bank runs than banks in Singapore under British rule. Also analyse one factor that may cause banks in Singapore today to have more risk of bank runs than banks in Singapore under British rule. You should make use of the collapse of any US bank(s) this year, during illustration of each factor.

3. State whether it is better for firms and individuals to use one bank or multiple banks for holding their assets, and explain two reasons as justification. Both reasons should be supported by real-life data and/or example(s) from Singapore in 2023 and they should not be related to bank runs and collapses.

Answer rating: 100% (QA)

1 Effects experienced by Singapore due to the collapse of US banks this year a Stock market volatility The collapse of US banks can lead to increased volatility in global financial markets including t... View the full answer