Question
Q1 A dollar today is worth more than a dollar tomorrow because a. of inflation. b. of the opportunity costs of holding cash instead of
Q1 A dollar today is worth more than a dollar tomorrow because
a.
of inflation.
b.
of the opportunity costs of holding cash instead of investing in assets offering positive interest rates.
c.
All other answers are correct.
d.
people prefer earlier availability of a good.
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The Handbook For Investment Committee Members
Authors: Russell L. Olson
1st Edition
0471719781, 978-0471719786
