If the Consumer Price Index Rose from 180

question 51

Multiple Choice

If the Consumer Price Index rose from 180.9 in 2005 to 418.5 in 2015,what is the total percentage change in prices over this 10-year period?

• A)131.34 percent.
• B)18.5 percent.
• C)80.9 percent.
• D)127.21 percent.

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Definitions:

UCC

The Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States, including sales, negotiable instruments, and secured transactions.

Collecting Bank

A bank that handles the presentation of payment documents, such as checks, for a depositor.

Endorser

A person who signs a negotiable instrument on the back to transfer ownership or to guarantee payment to someone else.

Secondarily Liable

Refers to the obligation to pay a debt or fulfill an obligation only if the primary party responsible fails to do so.