If the Average Wage Was $7

question 35

Multiple Choice

If the average wage was $7.67 per hour in 1998 and $14.90 per hour last month,what is the index of hourly wages for last month based on the 1998 information?

• A)100.0
• B)186.9
• C)151.5
• D)194.3

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Definitions:

Equity Mutual Funds

Investment funds that pool money from various investors to purchase a diversified portfolio of stocks.

Fixed-Income Securities

Investments that provide regular income payments, such as bonds or treasury bills, with predetermined interest rates.

Money Market Securities

These are short-term debt instruments, typically with maturities of less than one year, used by governments, financial institutions, and corporations to finance their short-term cash needs.

Net Asset Value

The value of an entity's assets minus the value of its liabilities, often used in the context of mutual and exchange-traded funds.