1. Unit trusts and investment companies are financial instruments. Describe the function of

(a) unit trust and

(b) an investment company.

List nine differences between an investment company and a unit trust. 400 words.

2. Jerome Kerviel was sentenced in a French court for rogue trading. Describe what Kerviel was doing in the bank and the outcome of his court case. 400 words.

3. Describe the role of

(1) domestic and

(2) global custodians.

4. Write an account of the stock market crash in March 2020. Give examples of each of five company`s share price movements from January 2020 to the present day.