Descriptive Research Answers the Question "What's So" and Explanatory Research

question 7

True/False

Descriptive research answers the question "what's so" and explanatory research answers the question "why."

Identify the role of banks in creating money through the lending process.

Recognize the importance of liquidity for banks and the impact of liquid assets on bank operations.

Explain the relationship between loans and deposits in the banking system.

Understand how banks earn profits and the significance of the interest rate spread.

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Definitions:

Start-Ups

Newly formed firms that are attempting to pioneer a new product or production method.

Service Industries

Sectors of the economy that provide intangible goods or services to consumers, such as healthcare, education, and leisure activities.

Basic Scientific Research

Fundamental investigations aimed at gaining a deeper understanding of concepts, processes, and phenomena without immediate practical applications.

Research and Development

Activities undertaken by companies or governments in innovation and improvement of products and processes, involving both basic and applied research.