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Sarah buys shares from a financial institution that uses her funds together with other funds to purchase U.S. treasury bills. Sarah has deposited her money into a
Informal Status
A social ranking or position attained by an individual within a group based on interaction, respect, or popularity rather than official roles.
Status Symbols
Objects or signals that serve to indicate an individual's social position or economic wealth to others.
Normative Influence
The impact of social norms and the expectations of others on an individual's behavior, encouraging conformity to group standards.
Norms
Collective expectations that members of social units have regarding the behavior of each other.
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