ROLE OF CENTRAL BANK OF KENYA
The Central Bank of Kenya became operational in 1966 when the then East African
Currency Board (EACB) was dissolved. The central bank has been keen in promoting financial
inclusion policy and is one of the regulatory that mad
Q1. Futures are said to be a speculators Heaven. Demonstrate this
using various position taken by speculators.
Future Contracts are speculators heaven since one can engage in futures contracts
without the need of an initial capital.
There is rare delivery
Commercial banks are financial intermediaries that raise funds primarily by issuing checkable
deposits (deposits on which checks can be written), saving deposits (deposits that are payable on
demand but do not allow their own to write che
ECONOMICS OF MONEY AND BANKING
Open market operations
It involves primarily the purchase and sale, by central government, of various classes of