An Index Based on a Mail Survey of 5,000 Households

question 82

Multiple Choice

An index based on a mail survey of 5,000 households by the Conference Board that measures households' perceptions of general business conditions,available jobs in the households' local area,and expected personal family income in the coming six months is called the:

• A)Consumer Sentiment Index.
• B)Consumer Confidence Index.
• C)Consumer Satisfaction Index.
• D)Consumer Consumption Index.

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Definitions:

Investor

An individual or entity that allocates capital with the expectation of receiving financial returns.

Nominal Interest Rate

The interest rate as stated on a loan or financial product, not taking into account inflation or fees.

Annual Compounding

The method of accruing interest on the main amount of a deposit or loan annually.

Semi-annual Compounding

The process of calculating interest where the accumulated interest is added to the principal sum twice a year.