If 2011 Is the Base Year and the Inflation Rate

question 94

Multiple Choice

If 2011 is the base year and the inflation rate between 2011 and 2012 is 6.4%,the price index in 2012 is

• A)106.4.
• B)64.0.
• C)16.4.
• D)cannot be determined from this information because the index in the base year is not given

Recognize the role of technology in authenticating checks and the importance of features like toner adhesion and chemical reactive paper.

Know the security implications of accepting postal money orders and third-party checks.

Understand how various security features, such as foil holograms and thermochromic icons, contribute to check authenticity.

Learn about the consequences of accepting checks written for more than the amount due and the practice of giving cash back.

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Definitions:

Chain of Title

A historical record of all previous owners and transfers of a piece of property.

General Warranty Deed

A type of deed that provides the highest level of protection for the buyer, guaranteeing the property is free from all claims and liens.

Broadest Protection

The most comprehensive level of safeguarding provided by a law, policy, or measure against infringements, dangers, or illegal activities.

Bargain and Sale Deed

A legal document transferring property ownership without making any warranties about the title.