The Terms "Latent Functions" and "Dysfunctions" Both Refer to Phenomena

question 33

True/False

The terms "latent functions" and "dysfunctions" both refer to phenomena that are recognized by participants in a social system.

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Definitions:

Syndicate

A group of banks that work together to offer credit in order to reduce risk.

Single Bank

A banking model where a country or region is served by only one central banking institution, which manages monetary policy and banking regulations.

Required Credit

The minimum credit score or financial requirement needed by an individual to qualify for certain loans, services, or credit lines.

Open Account Agreement

A financial arrangement between sellers and buyers allowing the buyer to pay the seller at a later date, commonly used in international trade.