If the CPI Was 122

question 190

Multiple Choice

If the CPI was 122.3 at the end of last year and 124.5 at the end of this year, the inflation rate over these two years was

• A) 1.8 percent.
• B) 2.5 percent.
• C) 22.5 percent.
• D) 18.0 percent.

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Definitions:

Nuncupative Will

An oral will, declared by a testator in their final moments, intended for immediate distribution of personal property.

Homestead Exemption

A provision in the Bankruptcy Code that allows debtors to exclude a statutory amount of equity in the debtor’s place of residence and in property used as a burial ground when filing for bankruptcy.

Family Home

A residence where a family lives, often considered in legal contexts regarding its protection and rights against creditors or in cases of divorce.

Undue Influence

A legal term referring to a situation where a person takes advantage of their power over another person, leading to unfair agreements.