In this system, which amount category is coded as 2?

In this system, which amount category is coded as 2?

• A. Up to $100
• B. $101-$500
• C. $501 and higher
• D. Digits 1-2 on unique identification number

Answer: (B)

The coding uses a simple progression where 1 corresponds to the smallest dollar range, 2 to the middle range, and 3 to the largest. The middle range of amounts is $101–$500, so that is the category assigned the code 2. The other option involving digits on an identification number isn’t an amount category, so it isn’t mapped to a dollar range. Therefore, the amount category coded as 2 is $101–$500.

The coding uses a simple progression where 1 corresponds to the smallest dollar range, 2 to the middle range, and 3 to the largest. The middle range of amounts is $101–$500, so that is the category assigned the code 2. The other option involving digits on an identification number isn’t an amount category, so it isn’t mapped to a dollar range. Therefore, the amount category coded as 2 is $101–$500.