9. Which one of the following is NOT a reason why actual value of money is declining over time? a. Future cash payments typically have higher uncertainty compared to an instant cash payment so people prefer to receive money earlier. b. Most people prefer to receive money earlier to increase their utility from early consumption. c. If money has been received earlier, it can be invested to financial or real assets to generate additional returns. d. Purchasing power of money is typically decreasing due to inflation. e. None of the above choices