Which Factor Is One of the Key, Defining Distinctions Between

question 94

Multiple Choice

Which factor is one of the key, defining distinctions between exchange relationships and communal relationships?

• A) whether or not the people in the relationship are related (or married)
• B) how long the relationship lasts
• C) the degree to which people in the relationship keep track of who does what
• D) whether or not the people in the relationship are part of a larger group

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Definitions:

Monthly Rate

A set interest or cost expressed as a monthly percentage or fee.

Loan Payment Schedule

A detailed plan listing individual payment amounts and dates throughout the term of a loan, showing both principal and interest components.

Amortized Loan

a loan in which the principal and interest are paid down over time through fixed monthly payments.

Effective Rate

The effective rate, often referred to as the effective annual rate, is the interest rate on a loan or financial product re-compounded on a yearly basis.