Examlex
Which of the following statements is true of informal institutions?
Watershed Year
A critical turning point marking a moment of significant change in history or in one's life.
International Trade
The exchange of goods, services, and capital across international borders or territories, influencing global economy, politics, and the standard of living.
British Pound
The official currency of the United Kingdom, also known historically as sterling, which is one of the world's oldest currencies still in use.
Panama Canal
A man-made waterway that connects the Atlantic and Pacific Oceans across the Isthmus of Panama, significantly reducing the maritime journey time between the east and west coasts of the Americas.
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