A "100-Year Flood" Has a _______ Percent Chance of Occurring

question 57

Multiple Choice

A "100-year flood" has a _______ percent chance of occurring in any given year.

• A) 1
• B) 100
• C) 10
• D) 0.1
• E) 0.01

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Definitions:

Investment Account

A financial account held at a bank or brokerage that is used to hold securities, stocks, bonds, and other investments.

Unamortized Acquisition Differential

The portion of the difference between the purchase price and the book value of an acquired entity that has not yet been amortized.

Equity Method

An accounting technique used by a company to record its investment in another company based on the profit or loss and other comprehensive income of the investee.

Voting Shares

Shares of stock that grant the shareholder the right to vote on matters of corporate policy and the election of board members.