Applying for a Loan in Five-Person Groups Is an Example

question 92

Multiple Choice

Applying for a loan in five-person groups is an example of:

• A) family and friends lending.
• B) party of five lending.
• C) group responsibility.
• D) trade-off.

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Definitions:

Residential Unity

A term that typically describes a living arrangement in which members of a family or group live together in one dwelling, emphasizing cohabitation and shared household responsibilities.

Moiety

A social division of a society by which it is divided into two roughly equal halves based on descent.

Phratry

A social unit in some societies, larger than a family but smaller than a tribe, often consisting of several clans or other kin groups.

Clan

A group of people united by actual or perceived kinship and descent, often sharing a common ancestor.