What Is the Format of HCPCS Level II Codes

question 3

Multiple Choice

What is the format of HCPCS Level II codes?

• A) Five-digit codes
• B) It depends on the code
• C) One letter followed by four digits
• D) Three digits followed by a decimal point and then one or two additional digits

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Definitions:

Bonds

A fixed-income investment representing a loan made by an investor to a borrower, usually corporate or governmental.

Trading Investments

Securities bought and held primarily for sale in the near term to generate income on short-term price differences.

Bonds Payable

Bonds payable are long-term liabilities representing money a company must pay back to bondholders by a certain date, including the principal and sometimes interest payments.

Long-Term Investments

Investments that a company intends to hold for more than one year, including stocks, bonds, real estate, and other financial assets.