The Majority of Private Sector Union Contracts Contain a Cost-Of-Living

question 4

True/False

The majority of private sector union contracts contain a cost-of-living adjustment (COLA) clause.

---

Definitions:

Effective Annual Rate

The interest rate on an investment or loan which accounts for the effect of compounding over a given period.

Semi-annually Return

The rate of return on an investment calculated by compounding interest twice a year.

Investment

The action or process of allocating resources, usually money, with the expectation of generating an income or profit.

Effective Annual Rate

The interest rate that is adjusted for compounding over a given period, representing the actual annual return on an investment.