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

question 51

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 120 at the end of the year,the real value of your savings is closest to

• A)$1,667.
• B)$1,880.
• C)$2,120.
• D)$2,400.

---

Definitions:

Arachnoid mater

A delicate membrane that is one of the three layers (meninges) surrounding the brain and spinal cord, providing protection.

Meninges

Membranes that protect the brain and spinal cord.

Subarachnoid space

The area between the arachnoid membrane and pia mater around the brain and spinal cord, filled with cerebrospinal fluid.

Meninges

Protective membranes that cover the brain and spinal cord, providing defense against injury and infection.