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.

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Definitions:

Ethical Violations

Actions or behaviors that go against established moral codes or professional conduct standards.

Conduit

An entity that acts as an intermediary by channeling funds from lenders to borrowers or investors.

Financial Markets

Platforms or environments where buyers and sellers trade financial securities, commodities, and other fungible assets.

Intermediaries

Entities or people who act as a middleman or agent between two parties in a financial transaction or negotiation.