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Which of the following statements is true? A dollar in hand today is worth less than a dollar to be received in the future. The
Which of the following statements is true? A dollar in hand today is worth less than a dollar to be received in the future. The further in the future you receive a dollar, the less it is worth today. The higher the rate of interest, the more likely an investor will elect to consume at present and forgo invest his funds. The value of a dollar invested at a positive interest rate decreases over time.
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