The Price Index Was 220 in One Year and 260

question 76

Multiple Choice

The price index was 220 in one year and 260 in the next year. What was the inflation rate?

• A)9.0 percent
• B)114.6 percent
• C)18.2 percent
• D)40.0 percent

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Definitions:

Investment Banks

Financial institutions that provide services such as underwriting, acting as intermediaries in mergers and acquisitions, and providing financial advisory services to companies.

Direct Transfer

A method of transferring assets or funds from one account to another without any intermediary processing steps.

Secondary Market

Sales of existing securities between investors. Compare with Primary market.

Stock

An ownership share in a corporation, representing a claim on part of the company's assets and earnings.