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BEC 319: MONEY AND BANKINGINSTRUCTIONS: ANSWER ALL QUESTIONSDiscuss the evolution of the financial system and explain how the Kenyan financial system is considered a bank based financial (Use your own reasons) (5 marks)Clearly explain the evolution of money to the present day form (5 marks)Giving an example, differentiate the Banking and Market financial systems (5 marks)Illustrate the role of regulation in a financial system (5 marks)Elaborate the differences between a commercial bank and non-bank financial institutions Giving examples of non-bank financial institutions in Kenya (5 marks) Differenciate between commercial banks and investment banks (1 marks)Demonstrate your understanding of the role of the Central Bank in an economy
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