Torie904 Torie904

13-10-2015
Social Studies

Answered

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Which of the following is an example of an informal economic institution?

Atipping
Ba credit union
Ca real estate office
Da savings and loan institution

Verified Answer :

WorldCitizen WorldCitizen

26-10-2015

I would say that a.tipping is the correct answer

on the one hand, all the other options are formal and require a formally written agreement between all sides, and on the other hand tipping also proceeds very informally, for example by just leaving money in a jar or on the table.

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