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What is a circular-flow diagram?
Cash
Currency and coins, along with bank balances, checks, and money orders, readily available for use in transactions.
Latent Functions
Purposes and activities that are unintended, unrecognized, and not immediately obvious.
Manifest Functions
Purposes and activities that are intended, recognized, and clearly evident.
Expressive Functions
The social and emotional roles that contribute to the cohesion and emotional well-being of a family or group, serving to nurture and maintain interpersonal bonds.
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