If the Average Price of a Barrel of Oil Was

question 67

Multiple Choice

If the average price of a barrel of oil was $35 in 1990,when the CPI was 114.7 and $55 in 2015 when the CPI was 229.6,then the real cost of a barrel of oil

• A)rose by 20 per cent during that period.
• B)rose by 57 per cent during that period.
• C)rose by 75.7 per cent during that period.
• D)fell by 57 per cent during that period.
• E)fell by 157 per cent during that period.

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Definitions:

Unrealized Gain

An increase in the fair value of equity or debt securities for a period.

Available-for-Sale

A classification for investments in debt or equity securities not classified as held-to-maturity or trading securities, marked to market with changes in fair value recorded in other comprehensive income.

Dividend Revenue

Income earned from owning shares in a company, typically distributed from the company's earnings.

Trading Securities

Financial instruments such as stocks or bonds that are purchased by a company with the intention of selling them in the short term to realize quick profits.