i. They accept deposits/saving facilities to businessmen e.g. savings/current/fixed deposit
accounts.
ii. They give loans/credit facilities to the business community in form of overdraft/secured loans.
iii. Commercial banks offer safety locker facilities/safekeeping of valuables (at some fee) to
businesses e.g. title
deeds/share certificates/log books/wills/jewels etc.
iv. The offer means of payment/money transfer facilities like standing orders/credit
transfers/travelers cheques/credit
cards/debit cards/cheques/letters of credit/electronic fund transfer/mobile money transfer.
v. Provide foreign exchange services to businessmen through (either) buying or selling foreign
currencies (according
to need)
vi. They give advice/advisory services to businessmen/firms about (viable) investments (sound)
financial
management.
vii. They provide trusteeship/act as trustees by undertaking to manage property/estates left
behind by deceased clients
(hence improving/expanding/continuing/supporting business operations.
viii. They act as referees/guarantors to clients who would wish to acquire/secure loans/buy goods
on
credit from elsewhere/financial institutions hence supporting business operations.
ix) They acts as intermediaries between savers and borrowers by accepting deposits from those
who
have excess money and lending to investors (hence supporting business activities)
x) The provide night safe keeping facilities for late bankers hence ensuring extended business
hours (for maximum /optimal profits)
xi) Commercial banks acts as issuing houses thereby facilitating selling of new shares by various
firms/companies.
xii) They undertake collection/receiving of money from debtors on behalf of their clients (thereby
promoting investments habits/business activities)
gideon1 answered the question on September 28, 2017 at 05:25
- Explain five problems experienced when computing national income using the expenditure
approach.(Solved)
Explain five problems experienced when computing national income using the expenditure
approach.
Date posted: September 28, 2017. Answers (1)
- Describe five services rendered by retailers to consumers.(Solved)
Describe five services rendered by retailers to consumers.
Date posted: September 28, 2017. Answers (1)
- Horizon is an importer of assorted goods from different countries. Explain five advantages he
may enjoy while his goods are
stored in a bonded warehouse.(Solved)
Horizon is an importer of assorted goods from different countries. Explain five advantages he
may enjoy while his goods are
stored in a bonded warehouse.
Date posted: September 28, 2017. Answers (1)
- State four reasons why John would prefer to obtain a loan from his Sacco but not from a
commercial bank.(Solved)
State four reasons why John would prefer to obtain a loan from his Sacco but not from a
commercial bank.
Date posted: September 28, 2017. Answers (1)
-
Highlight four factors that may have led to the shift in the demand curve from D0D0 to D1D1(Solved)
Highlight four factors that may have led to the shift in the demand curve from D0D0 to D1D1
Date posted: September 28, 2017. Answers (1)
- State four reasons why an entrepreneur would prefer a landscape type of office.
(Solved)
State four reasons why an entrepreneur would prefer a landscape type of office.
Date posted: September 28, 2017. Answers (1)
- Highlight circumstances under which the following chains of distribution are used. (a) Manufacturer ? Consumer (b) Manufacturer ? Retailer ? Consumer (c) Producer ? Marketing Board ? Consumer (d)...(Solved)
Highlight circumstances under which the following chains of distribution are used.
a) Manufacturer ? Consumer
b) Manufacturer ? Retailer ? Consumer
c) Producer ? Marketing Board ? Consumer
d) Manufacturer ? Agent ? Consumer
Date posted: September 28, 2017. Answers (1)
- Outline four canons of taxation.(Solved)
Outline four canons of taxation.
Date posted: September 28, 2017. Answers (1)
- List any four business considerations taken into account when carrying out business opportunity
evaluation.(Solved)
List any four business considerations taken into account when carrying out business opportunity
evaluation.
Date posted: September 28, 2017. Answers (1)
- Onyango intends to insure his motor vehicle with UAP insurance company. Outline the procedure
he would follow to take the policy.(Solved)
Onyango intends to insure his motor vehicle with UAP insurance company. Outline the procedure
he would follow to take the policy.
Date posted: September 28, 2017. Answers (1)
- The government of a developing country intends to formulate an elaborate policy to address the
widespread unemployment. Identify four areas of concern that the policy should...(Solved)
The government of a developing country intends to formulate an elaborate policy to address the
widespread unemployment. Identify four areas of concern that the policy should look into.
Date posted: September 28, 2017. Answers (1)
- Give four reasons why manufacturing firm may offer after sale service to its consumers.(Solved)
Give three reasons why manufacturing firm may offer after sale service to its consumers.
Date posted: September 28, 2017. Answers (1)
- Land is one of the factors of production. Outline four circumstances under which it may discourage
the location of firms.(Solved)
Land is one of the factors of production. Outline four circumstances under which it may discourage
the location of firms.
Date posted: September 28, 2017. Answers (1)
- State four factors that limit the satisfaction of human wants.(Solved)
State four factors that limit the satisfaction of human wants.
Date posted: September 28, 2017. Answers (1)
- Explain five factors that may hinder entrepreneurship development in Kenya.(Solved)
Explain five factors that may hinder entrepreneurship development in Kenya.
Date posted: September 27, 2017. Answers (1)
- Explain five limitations of using per capita income to compare living standards of people in
different countries.(Solved)
Explain five limitations of using per capita income to compare living standards of people in
different countries.
Date posted: September 27, 2017. Answers (1)
- Explain FIVE circumstances under which one may use signs in communication.(Solved)
Explain FIVE circumstances under which one may use signs in communication.
Date posted: September 27, 2017. Answers (1)
- State four challenges that may be faced when using a cell-phone mobile phone.(Solved)
State four challenges that may be faced when using a cell-phone mobile phone.
Date posted: September 27, 2017. Answers (1)
- State four reasons why vegetable exporters would transport their produce by air rather than sea.(Solved)
State four reasons why vegetable exporters would transport their produce by air rather than sea.
Date posted: September 27, 2017. Answers (1)
- Give three uses of ledger accounts.(Solved)
Give three uses of ledger accounts.
Date posted: September 27, 2017. Answers (1)