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 Form 4 business studies money and banking questions and answers

Highlight four reasons why loans advanced by commercial banks in Kenya may not appeal to many people.

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Answer Text:
-High interest rate charged on these loans
-Poor profits as a result of poor economy
-Individuals and firms may have cheaper source of loans
-Involve lengthy formalities
-Many people fear the consequences of failing to pay the loans.
-Many people do not have recognized property that they can offer as a security for loans.


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