Multiple Choice
The concept of the time value of money indicates that:
A) investments need a long time in order to produce extra money.
B) a dollar received today is worth more than a dollar received a year from today.
C) the prices of goods and services will fluctuate over time due to inflation and higher costs of production.
D) monetary systems tend to become more sophisticated over time.
Correct Answer:
Verified
Correct Answer:
Verified
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