Month: October 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 …

SECURITY FOR PERSONAL LENDING AND PERSONAL BORROWERS IN DIFFICULTIES Bank Security Security is a cover taken by a lender to cushion the institution from complete nonrecovery of a borrowing should the promised source of repayment fail to materialize of does Read More …

BRIDGE OVER LOANS Introduction Abridging loan is an advance given to a borrower for the purpose of completing a particular purchase with the source of repayment coming from the sale of another property in the near future. There are two Read More …

PRINCIPLES OF LENDING Philosophy of Lending A lender “lends” money and does not give it away, he/she applies judgment that at some future date repayment will take place. The lender needs to look into the future and ask the question Read More …

Structure of Co-operatives Co-operatives Co-operatives are legally registered bodies, in many countries there is a Co-operative Act governed by the National Registrar of Co-operatives, or similar, or they are under the guidance of the government’s business registration body.  Co-operatives Read More …