1. What is the difference between currency and the money supply?
Currency is the type of money being used (for example the Japanese Yen or the American Dollar). While money supply is the amount of money in an economy and the money being used.
2. How do banks make profits?
They make profits by giving loans and them collecting with interest.
3. Why might you want a loan to start a business?
One might want a loan to start a business because not every person has large amounts of money to start and maintain a business, so many will go to a bank to start-up.
4. What is the Federal Reserve?
The Federal Reserve is the central banking system of the United States.
These examples highlight the importance of the <u>Case Study</u> method in Psychological research.
Explanation:
- Case study method is the method of obtaining in depth information about certain individuals in order to develop a general principle about the behavior
Certain Pros of the case study methods are:-
- It helps in obtaining as much information as it is required about certain topics.
- It helps to study in detail about certain rare disorders.
Certain Cons of this method is
- It is very time consuming as a lot of time is required to obtain important information.
- A lot of research work is required,efforts are required and attention to minute details is also required
Answer:
Humanistic perspective in the field of psychology.
Explanation:
As the exercise presents, Ricardo (a victim of domestic abuse) is being adviced by her therapist to discover his uniqueness, while also being studied by her in order to build his confidence and help him regain his trust in people. She wants Ricardo to realize his potential and to not let his past define him. She believes that Ricardo is already on the path to recovery because he sought help of his own free will. Therefore, Dr. Shania Johnson is most likely in the fields of the humanistic perspective given that this current of thought pursues the study of the person as a whole, as an unique individual.
Answer:
All 27 Amendments have been ratified after two-thirds of the House and Senate approve of the proposal and send it to the states for a vote. Then, three-fourths of the states must affirm the proposed Amendment.
