Q.
a) Elaborate the different types of money and its functions. (4 marks)
b) Using appropriate examples, differentiate the followings:-
i) Central bank and commercial banks. (8 marks)
ii) Government operating expenditure and government development expenditure. (8 marks)
(20 marks, 2014 Q7)
A.
a) Types of money here, and functions of money here.
Ref:
See respective posts.