If the Consumer Price Index Was 100 in the Base

question 188

Multiple Choice

If the consumer price index was 100 in the base year and 106 in the following year,then the inflation rate was

• A)1.06 percent.
• B)6 percent.
• C)10.6 percent.
• D)106 percent.

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Definitions:

Validity

The state of being legally sound, effective, or binding; the quality of being logically true or sound.

Oral

Pertaining to words spoken, rather than written, used for communication.

Stop-Payment Order

An instruction given to a bank by an account holder not to pay or to halt a payment that has been issued on a check or an electronic withdrawal.

Authorized

Having official permission or approval to do something.