If the CPI Decreases from One Year to the Next,then

question 76

Multiple Choice

If the CPI decreases from one year to the next,then the inflation rate is

• A)above 100.
• B)negative.
• C)0.
• D)positive.
• E)below 100.

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Definitions:

Residuary

The remainder of an estate left after all other bequests and claims have been satisfied.

Personal Representative

An individual appointed to administer the estate of a deceased person, also known as an executor or administrator.

Executor

The personal representative appointed to administer the estate of a person who died leaving a valid will.

Beneficiaries

Individuals or entities designated to receive the benefits or proceeds from insurance policies, trusts, wills, or other contracts.