If You Have $1,000 of Money in the Bank and the Price

question 363

Multiple Choice

If you have $1,000 of money in the bank and the price level rises by 5 percent, your

• A) money is worth more in terms of what it can purchase.
• B) money is worth less in terms of what it can purchase.
• C) money is worth the same in terms of what it can purchase.
• D) purchasing power has increased.

---

Definitions:

Blank Desktop Database

A new, empty database file created in database software like Microsoft Access, ready for data entry and design customization.

Custom Desktop Database

A database application tailor-made to suit specific needs, often designed for use on a single computer or within a small organization.

Personal Database

A database designed for use by a single person on a standalone computer, aimed at managing personal information or tasks.

Relational Database

A type of database that structures data as collections of tables that are related to each other through unique identifiers.