The Bao-Jia System Was the Practice of Organizing Several Family

question 62

True/False

The Bao-jia system was the practice of organizing several family units into larger groups of five and ten families that would exercise mutual control and surveillance.

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Definitions:

Interest Method

A method used in finance to calculate the interest portion of a payment or the return on an investment over a period of time.

Semiannual Interest

Interest that is both computed and disbursed semi-annually on an investment or loan.

Bond Discount

The financial disparity that occurs when a bond is sold for an amount below its stated face value, comparing its selling price to its face value.

Interest Method

A financial calculation used to determine the amount of interest due or earned over a specific period of time, considering factors like principal, rate, and time.