The Reference Base Period for the CPI Has an Index

question 224

Multiple Choice

The reference base period for the CPI has an index number of

• A)100.
• B)1.
• C)0.
• D)10.
• E)1,000.

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Definitions:

Unilateral Contract

An agreement in which only one party makes a promise to perform in exchange for an act by the other party.

Acceptance

The act of receiving or agreeing to something, such as a proposal or offer, thus constituting a contract.

Performance

The execution, accomplishment, or fulfillment of a promise, contract, or other obligation.

Revocation

The act of withdrawing, canceling, or repealing a statement, offer, or privilege, which can pertain to legal contracts, licenses, or wills.