Studies in the U

question 15

Multiple Choice

Studies in the U.S.have found that,all else being equal,a 10 percent reduction in the size of a typical police service has been found to lead to an increase in certain offences.How much does the rate of robbery increase when there is a 10 percent reduction in the size of the police service?

• A) 6 percent
• B) 9 percent
• C) 12 percent
• D) 15 percent

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Definitions:

CIFP Course Materials

Comprehensive learning materials provided for the Certified Financial Planner (CIFP) program covering financial planning, investment strategies, and ethical practices.

Ordinary Annuity

A financial product where payments are made at the end of each period for a fixed amount of time.

Present Value

The current value of a future sum of money or stream of cash flows given a specified rate of return, often used in the discounting of future income streams or liabilities.

Compounded Annually

Interest that is calculated once a year and added to the principal, meaning each year's interest earns interest in subsequent years.