Norms That Are Generally Understood but Not Precisely Recorded Are

question 75

Multiple Choice

Norms that are generally understood but not precisely recorded are known as

• A)mores.
• B)sanctions.
• C)informal norms.
• D)formal norms.

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Definitions:

Compounded Quarterly

Refers to the process of calculating interest on both the initial principal and the accumulated interest from previous periods on a quarterly basis.

Compounded Semi-Annually

Interest that is computed and added to the principal twice a year, allowing the investment to grow more rapidly.

Future Value

The value of a current asset at a specified date in the future based on an assumed rate of growth.

Deposits

Money placed into a financial institution for safekeeping, which may earn interest over time.