answer below 14

1.Explain the money supply using the money multiplier and high powered money (10 marks) 2.Using a well-labelled diagram, explain the components of the financial system

3. Give at least four (4) types of universal banks (8 marks

4. Discuss at least three (3) types of finance companies. Give an example of each in Kenya (3 marks)

5. Elaborate three (3) reasons for currency devaluation (6 marks)

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