Why is there so much emphasis on exact definitions in economics?

What is the role of communication within groups of people with different backgrounds?

Banks offer services such as checking and savings accounts. what do banks do with most of the money they receive in deposits from customers? a) they loan it out to other customers. b) they spend it on new banks in other places. c) they keep it in a locked, secured vault in the bank. d) they send it to the federal reserve in washington, d.c.

Is when a person has given their consent based on understanding the actions and facts of a study?