Bank credit | Neo-classical Model and Endogenous Growth Theory
Credit is the extension of money from the lender to the borrower. Spencer (1977) noted that credit implies a promise by one party to another for money borrowed or goods and services rendered. Credit cannot be divorced from the banking sector as banks serve as a conduct for funds to be received in form of deposits from the surplus...
Sunday, 5 April 2015
THEORY OF FINANCIAL INTERMEDIATION | THEORY OF ECONOMIC GROWTH
THEORY OF FINANCIAL INTERMEDIATION
Credit is an important aspect of financial intermediation that provides funds to those economic entities that can put them to the most productive use. Theoretical studies have established the relationship that exists between financial intermediation and economic growth. For instance, Schumpeter (1934), Goldsmith (1969), McKinnon (1973) and Shaw (1973) in their studies,...
Saturday, 4 April 2015
EVALUATION OF TEAM WORK IN THE HOTEL INDUSTRY DATA PRESENTATION AND ANALYSIS
CHAPTER FOUR DATA PRESENTATION AND ANALYSIS
4.1
INTRODUCTION
This
chapter provides a statistical analysis and presentation of data collected for
the purpose of deducting the reactions of respondents to question raised.
Attempt was made to classify and analyse response obtained through the
questionnaire according to the respondents demographic data and...
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