When You Compare One or More Cities Using a Ratio

question 45

True/False

When you compare one or more cities using a ratio of police officers to the population in order to determine the appropriate amount of patrol officers to patrol your city, you are using the comparative approach.

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Definitions:

Compounded Monthly

The process in which interest earned on an investment is added to the principal balance, and then future interest accrual includes the increased balance, recalculated on a monthly basis.

Total Interest Earned

The cumulative amount of interest received from an investment, loan, or savings account, over a particular period.

Original Investment

The initial amount of money invested in a project or security.

Conditional Sale Contracts

agreement for the sale of goods where the price is payable in instalments and the goods remain the property of the seller until the full price is paid.