If Jason Chooses Instead to Extensively Interview His Cousin,Bob,who Is

question 7

Multiple Choice

If Jason chooses instead to extensively interview his cousin,Bob,who is a juvenile delinquent about why he chose to commit delinquent acts,Jason is searching for the ________ explanation for delinquency.

• A)exploratory
• B)nomothetic
• C)idiographic
• D)main
• E)accurate

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Definitions:

Interest Rate

The amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets.

Loanable Funds

The money available for borrowing in the financial markets, corresponding to savings that are lent out for investment.

Liquidity Preference Theory

A theory suggesting that people prefer to hold their wealth in liquid form for ease of spending but are willing to accept less liquidity for a higher return.

Interest Rate

The percentage of a sum of money charged for its use, often expressed as an annual percentage rate.