Multiple Choice
Which of the following best explains the time value of money?
A) This concept explains how inflation works.
B) It means that it's best to have money today, so it can be put to work sooner to make even more money.
C) It refers to the calculation of an amount using compound interest.
D) This concept states that it is always more profitable when money is invested for a long term.
Correct Answer:
Verified
Correct Answer:
Verified
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