Day: October 19, 2021

Role of Central Bank of Kenya The roles are outlined in the CBK Act of 1966 and the banking Act of 1968 The Act give CBK the powers to ensure financial soundness of the economy this is through issuing of Read More …

The role of Stock Exchange in economic development 1. It provides a ready capital market in which buyers and sellers of securities conclude their deals and make investment liquid. 2. The stock market through market forces of demand and supply Read More …

The Five Parts of the Financial System 1. Money: Anything generally accepted as a means of payment or medium of exchange. It’s useful because you can exchange goods or services with it, either now or later (non-perishable, store of wealth. Read More …

The role of financial system in the economy The financial sector provides six major functions that are crucial for the survival and efficient operation of any given economy. These functions are outlined below: 1. Providing payment services. It is inconvenient, Read More …

FINANCIAL INSTITUTIONS AND CAPITAL MARKETS Introduction The economic development of any country depends, upon the existence of a well organised financial system. It is the financial system which supplies the necessary financial inputs for the production of goods and services Read More …

Co-operative Accounting and Audit Toolkit Introduction Co-operatives are owned and controlled by their members and members are individuals, families and other co-operatives who trade with the co-operative. Members receive dividends from the net profit and have a vote in general Read More …