Which of the Following Is a Correct Statement

question 243

Multiple Choice

Which of the following is a correct statement?

• A)Inflation is measured as the percent change in the CPI.
• B)The CPI is a widely used measure of the inflation rate.
• C)Real GDP is our best measure of economic growth.
• D)The PPI measures inflation as experienced by producers.

---

Definitions:

Check 21

Legislation that allows banks to handle more checks electronically, which speeds up the check clearing process by creating a digital version of the original paper check.

Truncated Version

A shortened form or version of a document, statement, or piece of information, typically preserving only the most essential parts.

Stop-Payment Order

An order by a drawer that instructs the drawee bank not to pay an issued check.

Drawer

In the context of financial transactions, the person who writes or issues a cheque or draft directing a bank to pay the specified amount to a third party.