Month: October 2021

CO-OPERATIVE FINANCING INSTITUTIONS- CREDIT UNIONS Introduction Credit unions are cooperative financial institutions that began operating in developing countries in the 1950s. The credit union system that comprises the World Council of Credit Unions (WOCCU) is made up of four different Read More …

CO-OPERATIVE MANAGEMENT Introduction Management has greatly improved as co-operatives have become larger, more diversified, and integrated to match similar advances in the marketplace. In the early years, local co-operative managers not only supervised operations but also maintained accounting records, waited Read More …

CO-OPERATIVE ORGANIZATION Introduction Co-operative is an organization owned by and operated for the benefit of those using its services. Co-operatives have been successful in such fields as the processing and marketing of farm products and the purchasing of other kinds Read More …

Instruments of monetary policy In the past, it was common for central banks to exercise direct controls on bank operations by setting limits either to the quantity of deposits and credits (e.g., ceilings on the growth of bank deposits and Read More …

To get complete copy of this study text, Buy a copy using Masomo Msingi Publishers app which is in Playstore or order hard copy through 0728 776 317   Sample   To get complete copy of this study text, Buy Read More …

Monetary policy Monetary policy relates to the control of some measure (or measures) of the money supply and/or the level and structure of interest rates. In recent years, much greater emphasis has been placed on monetary policy within a government’s Read More …

CENTRAL BANKING Introduction The Central Bank of Kenya (CBK), like most other central banks around the world, is entrusted with the responsibility of formulating and implementing monetary policy directed to achieving and maintaining low inflation as one of its two Read More …

Capital market instruments These are debt and equity instruments which have maturities greater than one year. They have far wider price fluctuations than money market instruments and are considered to be fairly risky investments. The most common capital market instruments Read More …

Financial instruments The following are some of the most common instruments in use today Money market instruments They are short-term dated securities. Because of their short terms to maturity, they undergo the least price fluctuations and are therefore the least Read More …