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Funds transferred on CHIPS are settled at the end of the day.
Convergence Theory
A concept in sociology that suggests differences among societies will decrease over time due to globalization, leading to similar social, political, and technological practices.
Contagion Theory
A sociological theory that suggests ideas and emotions can spread through populations like infectious diseases.
Contagion Theory
A theory in social psychology that suggests ideas, attitudes, and behaviors spread through groups like diseases, influenced by the power of the crowd.
Convergence Theory
The idea that societies and cultures will grow more similar over time as they adopt and implement similar technologies and organizational structures.
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