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 Form 4 business studies money and banking questions and answers

Explain five services that the central bank of Kenya offers to commercial banks.

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Answer Text:
-The central bank supervises the banking operations
-The central bank licenses the operations of commercial banks
-The central bank acts as a source o currency for commercial banks operations
-Acts as a mediator for commercial banks in case there is dispute between them.
-Buys and sells foreign currency from commercial banks.


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