Table 24-3 the Table Below Pertains to Studious,an Economy in Which the Which

question 222

Multiple Choice

Table 24-3
The table below pertains to Studious,an economy in which the typical consumer's basket consists of 5 books and 10 calculators.

-Refer to Table 24-3.If 2007 is the base year,then the consumer price index was

• A) 74.1 in 2006,100 in 2007,and 114.8 in 2008.
• B) 74.1 in 2006,270 in 2007,and 310 in 2008.
• C) 200 in 2006,100 in 2007,and 114.8 in 2008.
• D) 200 in 2006,270 in 2007,and 310 in 2008.

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Definitions:

Par Value

A nominal value assigned to a security or stock, often used in accounting to represent the standard or face value.

Shares

Represent units of ownership interest in a corporation or financial asset, providing an equitable distribution of any profits, if declared, in the form of dividends.

Date Of Payment

The specific day on which a payment is due to be made or actually made.

Dividends

Payments made by a corporation to its shareholders, usually as a distribution of profits.