1. The time value of money is:
   1. The theory of valuing cash flows at various points in time.
   2. How the Federal Reserve creates money.
   3. The general term for securities, like stocks and bonds, representing ownership in a cash flow.
   4. A debenture.
2. Compounding is the process of adding:
   1. Incoming cash flows.
   2. Known as the Rule of 72.
   3. Interest on both the original investment and the reinvestment of interest.

d Simple interest