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 KCSE business studies paper 1 revision questions and answers Set 1

Highlight four services that the central bank of Kenya may offer as a banker to commercial bank.

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Answer Text:
-Issue of currency- it is the only institution authorized to issue currency in the country
-Banker to commercial banks as commercial banks are required by law to deposit a certain percentage
of their customers deposits to central bank
-Acts as a link bank to external financial institutions
-Financial adviser to a commercial bank


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