Owen Expects to Receive $20,000 at the End of Next

question 89

Multiple Choice

Owen expects to receive $20,000 at the end of next year from a trust fund.If a bank loans money at an interest rate of 7.5%,how much money can he borrow from the bank on the basis of this information?

• A)$11,428
• B)$15,000
• C)$18,605
• D)$21,500

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Definitions:

Survival Chances

The probability or likelihood of living or continuing to exist under certain conditions or situations.

System Of Social Control

Mechanisms, both formal and informal, that regulate individual and group behavior in an attempt to conform to societal norms.

Norm System

The set of rules and standards shared by a group that guides and constrains the behavior of its members.

Cultural System

An organized collection of symbols, values, norms, and practices shared by a group, which guides behavior and influences social life.