Assume You Have $2,000 in a Savings Account at the Beginning

question 38

Multiple Choice

Assume you have $2,000 in a savings account at the beginning of the year and the price level is equal to 100.If the price level is equal to 95 at the end of the year,the real value of your savings is closest to

• A)$1,900.
• B)$1,905.
• C)$2,095.
• D)$2,105.

---

Definitions:

Strategic Plan

A document that outlines an organization's long-term goals and the actions needed to achieve them.

Operating Plan

A document outlining the steps and resources required to achieve organizational goals within a specific timeframe.

Sole Proprietorship

A business owned and operated by a single individual, with no distinction between the business and the owner.

Business Debts

Financial obligations that a business owes to creditors, which can include loans, bonds, and other forms of borrowing.