What Is the Relationship Between Family and Modernization

question 25

Multiple Choice

What is the relationship between family and modernization?

• A)Family members become closer as society modernizes.
• B)Family relationships weaken as society modernizes.
• C)There is less gender role differentiation as a society modernizes.
• D)Family traditions strengthen as a society modernizes.

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Definitions:

Liabilities

Financial obligations or debts that a company or individual owes to others, which need to be settled over time by transferring economic benefits.

Closed-End Funds

A type of investment fund with a fixed number of shares, traded on the stock exchange, unlike open-end funds which continuously issue new shares.

Premium

The amount by which the price of a financial instrument, such as an insurance policy or bond, exceeds its face value or nominal cost.

NAV

Net Asset Value; the total value of a fund's assets minus its liabilities, often used in the context of mutual funds.