Question One
- What is inflation (2mks)
- Outline the economic effects of high inflation level (8mks)
- Explain any three types of inflation according to cause and indicate clearly what the main causes of each are. (9mks)
- Explain specific policies to be adopted by a country experiencing high levels of inflation in order to bring it down. (6mks)
Question Two
- Using appropriate examples, explain the economic roles of the Central Bank in Kenya. (6mks)
- Discuss the three main theories of money (9mks)
Question Three
- What is Monetary Policy (2mks)
- Explain the main objectives of Monetary Policy in an economy (8mks)
- With appropriate examples, explain five main tools of the monetary policy used by the central bank in stabilizing the economy. (5mks)
Question Four
- Define the term money (2mks)
- What are the major functions of money in an economy? (5mks)
- Discuss the roles played by Banks in economic development.(8mks)
Question Five
- Discuss the importance of Non-Bank financial intermediaries. (8mks)
- Explain the fundamental qualities of a commodity to be used as money and why? (7mks)
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