Answer to Question #308638 in Finance for Robert

Question #308638

Briefly discuss how the Banking Act Cap 488 (Laws of Kenya) protects a customer’s deposits.

1
Expert's answer
2022-03-10T10:43:41-0500

The Act protects customer deposits by focusing on three key objectives: safeguarding depositor funds, ensuring the preservation of cash reserves (see Monetary Policy), and encouraging financial system efficiency through competition.


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