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Explain about the functions of financial systems.
Financial systems perform the necessary economic function of channelling funds through units who have stored surplus funds to units who have a shortage of funds. There the units who have saved can lend funds: they are termed as lender-savers. The units along with a shortage of funds should borrow funds to finance their expenditure: they are the borrower-spenders. Most significant lender-savers are generally households; whereas the classical borrower-spenders are firms and the government.
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If the winner’s prize increases at the same rate (8.43%), what will it be in 2041?
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Example of EOQ Assumptions ABC Ltd requires 2,000 units of a component in its manufacturing method in the coming year that costs of Sh.50 each. The items are obtainable locall
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