The Socially Defined Expectations for a Person in a Given

question 39

Multiple Choice

The socially defined expectations for a person in a given social position are referred to by sociologists as:

• A)social outcomes
• B)social roles
• C)social identities
• D)social norms
• E)social pressures

---

Definitions:

Nominal Interest Rate

The stated or face interest rate of a loan or financial product, not adjusted for inflation.

Purchasing Power

The ability of an individual or group to buy goods and services with a given amount of money.

Bank Account

A financial account maintained by a financial institution for a customer, allowing the customer to deposit and withdraw money, and in many cases, earn interest.

Nominal Interest Rates

The interest rates unadjusted for inflation, reflecting the rate of time-preference for current goods over future goods in monetary terms.