Please answer question 3

12:58 % 4 } 0 % 1. What functions are carried out by insurance companies? Given these functions, how do insurance companies contribute to the development of a country's economy? Give as detailed an explanation as possible. (Groups 1 and 2) 2. Identify the functions of commercial banks. Given these functions, how do commercial banks contribute to the development of the economy of the Eastern Caribbean? (Groups 3 and 4) 3. Discuss why Governments issue securities. Identify a bond (giving the issue amount; the maturity and the coupon rate) that a selected government can issue to carry out a specific project. How will the project contribute to the economy?(Groups 5 and 6) III