Most of the money in our economy is created by banks, in the form of bank deposits – the numbers that appear in your account. Banks create new money whenever they make loans. 97% of the money in the economy today exists as bank deposits, whilst just 3% is physical cash. This short video explains:
The money that banks create isn’t the paper money that bears the logo of the government-owned Bank of England. It’s the electronic deposit money that flashes up on the screen when you check your balance at an ATM. Right now, this money (bank deposits) makes up over 97% of all the money in the economy. Only 3% of the money is still in that old-fashioned form of cash that you can touch.
I hope this helps you.
Answer:
Check below for the answer and explanations
Explanation:
State-dependent memory: is the process of remembering things because they happen when you were in a state that is similar to your current state. Before the opening night, James would have gone through series of rehearsals, it will be easy for him to recollect the things he said or did during the rehearsal and apply same in the opening night.
Arousal theory: This theory explains that people tend to have a better performance when they are psychologically motivated. James felt motivated when he saw his psychology teacher in the audience. This motivation will enhance is performance.
Positive reinforcement: James motivated himself by wanting to use the concept learnt in his psychology class to have a positive thought about the surrounding atmosphere. This is a positive reinforcement because James felt motivated after this consideration.
Selective attention: This is the process of focusing only on relevant information or object. James paid more attention to those whose presence can aid his performance. He did not have to set his gaze on every member of the audience.
Imagery: In this context, imagery is the use of mental, imaginary pictures to influence one's thought process. As James is on the stage, there should be a mental picture of when he was taking similar roles during the rehearsals, this will help him perform better.
Social facilitation: The presence of a large audience aids the performance of some people. They tend to perform better in the presence of crowd. James can utilize the advantage of the cheers and the applause he receives from the audience for a better performance.
Sensory adaptation: As James spends more time outside performing, his senses tend to adapt to that atmosphere and the initial fright and timidity will disappear. At this stage, he begins to perform incredibly well.
Answer:
Barry would most likely experience trypanophobia.
Explanation:
Trypanophobia is the fear of various medical procedures, in this case, of needles. Barry is afraid of injections, or a sharp object (like a needle) piercing his skin, regardless of how harmless it may be. He may have had a negative experience in hospitals or just involving sharp objects in his past that made him develop this phobia in the present.
He may experience various symptoms when exposed to a doctor's needle, including dizziness, panic attack, racing heart rate, anxiety, trying to run away from the needle, etc.
Answer:
Check below for answers and explanations
Explanation:
a) Crystallized intelligence is a form of knowledge that is garnered from past experiences or adequate study. Lucy has previously worked in the library as a high school student before going there for the volunteering service. The experiences she has gotten from her past works in the library will be deployed into her current program for a successful outcome.
b) Alrtruism is a philosophical term that describes the concern of an individual for the well-being of others. Lucy's volunteering service that is targeted at assisting disadvantaged children is a proof of her altruistic lifestyle.
c)The Big five trait of extraversion describes how sociable a personality is. While Lucy was walking in her community library, a good number of children visited, her return to the library to organize a program for children proves that she loves being around and socializing with children.
d) The Broca's area is a part of the brain that plays a vital role in producing and understanding speeches. For Lucy to organize such a developmental program like this, she must be very eloquent with an admirable leadership skills. Her ability to even attend to library users as a high school student is a proof that she has a sound oratory prowess.
e) Self efficacy is the ability to control one's actions and deal with situations that require critical decision making. Lucy's decision to leave a paid job that doesn't give her satisfaction for a volunteering program in the library is an attribute of self efficacy.
f) Episodic memory is the process of bringing back and combining past experiences and events. Lucy recalled how much she enjoyed working at the library and decided to return there.
g) Self actualization is a fulfilment of one's dreams and goals. Lucy's return to the Library is like bringing back the sweet work experiences she once had. This indeed is self actualization.
