1. The financial system of a country is equated to the brain of a nation which if it malfunctions the consequences are e

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answerhappygod
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1. The financial system of a country is equated to the brain of a nation which if it malfunctions the consequences are e

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1. The financial system of a country is equated to the brain ofa nation which if it malfunctions the consequences areenormous.
(a) Discuss this statement citing any malfunctions that have ledto consequences that have negatively affected the Kenyan economy.(6 marks)
(b) Discuss the challenges the system has been facing andsuggest measures to be put in place to overcome challenges (4marks)
2. Microfinance institutions are the solution to povertyalleviation.
a. Discuss this statement citing the role the MFIs have playedin achieving this. (5 Marks)
b. Discuss the challenges MFI institutions face and suggest whatshould be done to correct the challenges. (5 marks)
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