The Central Bank of Kenya's role includes
Answer and explanation
Correct answer: C. regulating commercial banks and issuing currency
- Step 1: As the central bank it acts as banker to the government and to commercial banks. Answer: regulating commercial banks and issuing currency. Why not the others: collecting income tax: That is done by the Kenya Revenue Authority. running the national budget: The National Treasury prepares the budget. running the stock exchange: That is the Nairobi Securities Exchange.
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