A payment that is periodically adjusted in proportion to a price index such as the CPI is known as a(n)
A) unionized payment.
B) indexed payment.
C) scaled payment.
D) inflated payment.
E) adjusted payment.

Question

Quizplus · Accepted Answer

An indexed payment is a payment that is adjusted periodically in proportion to a price index such as the CPI. The other choices do not accurately describe this type of payment.

A Payment That Is Periodically Adjusted in Proportion to a Price