The Table Below Shows Hypothetical Data for the Volume of Gold

question 17

Multiple Choice

The table below shows hypothetical data for the volume of gold and nickel output across several years.
TABLE 2-5
-Refer to Table 2-5.What is the index number for nickel output in Year 6?

• A)108.2
• B)105.3
• C)110.7
• D)95.0
• E)95.0%

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Definitions:

Premium Rate

The cost rate of insurance coverage per unit of coverage, reflecting the risk and administrative costs.

Coinsurance Clause

A provision in an insurance policy that defines the split of responsibility for payment between the insurer and the insured.

Short Rate

A penalty premium amount charged when an insurance policy is terminated by the policyholder before the end of its term.

Coinsurance Clause

A provision in an insurance policy that defines the split of costs between the insurer and the insured after the deductible is met.