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Money and Banking Notes: Form 4 Business Studies

Institution: Secondary

Course: Business Studies

Content Category: Form 4 Notes

Posted By: raphael

Document Type: DOCX

Number of Pages: 23

Price: KES 50
 
    

Views: 560     Downloads: 2

Summary

Get high quality Form 4 Business Studies Money and Banking Notes. Perfect resource for Business Studies students and teachers alike.

CONTENTS
• Introduction
• barter trade
• money system
• banking
INTRODUCTION
Money: Money refers to anything that is generally accepted as a medium of exchange for goods and services. Money is in the form of notes and coins.
Banking: Banking refers to all activities carried out by financial institutions involving money. Financial institutions include the central bank, commercial banks and non-banking financial institutions.
BARTER TRADE
Barter trade is a system of trade where goods and services are exchanged with other goods and services. This is a system of trade that was used in African traditional societies though barter trade is still used in modern societies e.g. where a person works in exchange for food stuffs.
...


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