Question
The central bank is a banker to the government. Outline four banking services it provides to the Kenya government.
Answer
i) Giving financial advice to the government
ii) Receiving payment on behalf of the government from foreign donors/income tax departments./custom etc
iii) Giving credit/loan to the government
iv) Making various payments on behalf of the government
v) Getting credit/loan from other sources on behalf of the government
vi) Collecting credits/loans from other sources on government behalf
ii) Receiving payment on behalf of the government from foreign donors/income tax departments./custom etc
iii) Giving credit/loan to the government
iv) Making various payments on behalf of the government
v) Getting credit/loan from other sources on behalf of the government
vi) Collecting credits/loans from other sources on government behalf
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