The time value of money states that Blank$\_\_\_\_\_\_.$

Multiple choice question.

money received today is worth more than money received tomorrow because the money received today can be invested to earn more

the value of money is always decreasing; you can buy more with your money today than you can tomorrow

monetary systems tend to become more sophisticated over time

are for less than one year

must be borrowed from a bank

give future ownership in the firm

must be repaid