Culture

question 59

Multiple Choice

Culture

• A) is the exclusive domain of the elite.
• B) is acquired by humans as members of society through the process of enculturation.
• C) is being destroyed by electronic media.
• D) developed among nonhuman primates around 10,000 years ago.
• E) is more developed in industrial nations than among hunters and gatherers.

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Definitions:

Nominal Interest Rate

The stated annual interest rate on which the compound-interest calculation is based.

Annually Compounded

Interest on an investment that is calculated once a year on both the initial principal and the accumulated interest from previous periods.

Nominal Rate

The annual interest rate not adjusted for inflation or the compounding of interest.

RRSP

Registered Retirement Savings Plan, a retirement savings and investing vehicle for employees and the self-employed in Canada.