Form 4 Business Studies questions and answers:Money and Banking
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Explanation/Answer Text:
-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.
Questions/Lessons List
2. State four limitations of barter trade. ( free lesson)
3. List four characteristics of money. ( free lesson)
4. Outline five reasons why money is widely used in many economies ( free lesson)
5. State four methods that the central bank may use to control credit. ( free lesson)
6. List four functions of development banks ( free lesson)
8. State four banking services that the central bank provides to the government. ( free lesson)
9. Explain five ways in which banks contribute to the development of Kenya. ( free lesson)
10. Outline the benefits that a bank customer gets from operating a current account. ( free lesson)
12. Describe methods which may be used by commercial banks to advance money to customers. ( free lesson)
14. Explain five services that the central bank of Kenya offers to commercial banks. ( free lesson)
15. Explain five disadvantages of using a bank overdraft as a source of finance. ( free lesson)
17. Explain the services offered by commercial banks to their customers. ( free lesson)
18. Outline four benefits enjoyed by a user of e-banking service ( free lesson)
