Question
The time value of money is created by the: A. existence of profitable investment alternatives and interest rates B. fact that the passing of time
The time value of money is created by the:
A. existence of profitable investment alternatives and interest rates
B. fact that the passing of time increases the value of money
C. elimination of the opportunity cost as a consideration
D. fact that the value of saving money for tomorrow could be more or less than spending it
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Introduction to Finance Markets, Investments and Financial Management
Authors: Ronald W. Melicher, Edgar A. Norton
16th edition
1119398282, 978-1-119-3211, 1119321115, 978-1119398288
