A Worker Received $5 for a Daily Wage in 1930

question 389

Multiple Choice

A worker received $5 for a daily wage in 1930. What is the value of that wage today if the CPI was 17 in 1930 and is 215 today?

• A)40 cents
• B)$5
• C)$63.24
• D)$632.40

---

Definitions:

Start-up Companies

New business ventures that are in the initial phase of operations and typically characterized by innovative products or services and high growth potential.

Short-term Bank Loans

Loans offered by banks to be repaid within a short timeframe, typically less than a year, to meet immediate financial needs.

Secured

Pertaining to assets or loans that are protected by collateral to ensure repayment or mitigate risk.

Collateral

Assets or property pledged by a borrower to secure a loan or other credit, and subject to seizure on default.