Multiple Choice
Assuming a positive interest rate, the present value of money suggests:
A) $1 today = $1 in one year.
B) $1 today > $1 in one year.
C) $1 today < $1 in one year.
D) $1 today ≤ $1 in one year.
E) None of the choices are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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