CATReading Comprehension > MediumLanguage is the fundamental formal institution for social life and for science.It is usual in social thought to treat culture and tradition as different from institutions.The stock exchange and the black market are both market institutions.Institutions are structures that serve to coordinate the actions of individuals.✅ Correct Option: 4Related questions:CAT 2022 Slot 1Which one of the following statements contradicts the arguments of the passage?CAT 2022 Slot 2"Consider the fact that the stock exchange and the black market are both market institutions, one formal one not." Which one of the following statements best explains this quote, in the context of the passage?CAT 2021 Slot 2Regarding which one of the following quotes could we argue that the author over emphasises the importance of fiction?