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1. (a) By the use of deposit of 20,000 Kshs and 10% required reserve, explain the process of credit creation by commercial bank in
1. (a) By the use of deposit of 20,000 Kshs and 10% required reserve, explain the process of credit creation by commercial bank in Kenya (10 marks). (b) Differentiate between open cheque and crossed cheque (5 marks). 2. Commercial bank differs in their organization and structure from one country to another country. In the light of this statement discuss the merits and demerits of branch banking in Kenya (15 marks)
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a Process of Credit Creation by a Commercial Bank in Kenya When a commercial bank in Kenya receives a deposit of 20000 Kshs and is required to maintain a 10 reserve it can create credit through a proc...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
