Exhibit 19-3

question 27

Multiple Choice

Exhibit 19-3.Consider the following information about the price and the price index of a popular book over three years. Refer to Exhibit 19-3.Identify the correct statement from the following.

• A)The price of the book increased by 3.11% between 2010 and 2011.
• B)If 2011 was the base year,the price index for the book in 2009 would have been 90.
• C)Between 2009 and 2011,the price of the book went up by 11.11%.
• D)If 2010 was the base year,the price index in 2009 would have been 99.28.

---

Definitions:

Exempt Property

Property that a debtor is allowed to retain, free from the claims of creditors seeking to repossess or sell the property for debt recovery.

Chapter 7 Bankruptcy

A liquidation form of bankruptcy available to individuals and businesses, resulting in the sale of non-exempt assets to pay creditors and discharge most debts.

Equity

The fair and impartial treatment in justice or the value of ownership interest in a property after debts are subtracted.

Means Test

A method for determining eligibility for certain types of financial assistance based on the individual's income and assets.