Money received today is worth more than the same amount of money received in the future. This is true because
A) money received today can grow at a compounded rate.
B) future inflation will devalue your current investments.
C) all goods and services will cost more in the future.
D) unique investment opportunities exist today, which may not be available in the future.
Answer: A
You might also like to view...
What are the various components of the value delivery network of a company?
What will be an ideal response?
Improving accountability mechanisms is one of the goals of a ________ program.
What will be an ideal response?
The European Union (EU) in early 2015 consisted of 28 countries with more than 500 million consumers. The EU has eliminated most barriers to the free flow of products, capital, and labor across its borders. Which of the following countries is NOT a member of the EU?
A. Greece B. Ireland C. England D. Switzerland E. Latvia
Revising an estimate of the useful life or salvage value of a plant asset is referred to as a change in accounting estimate and is reflected in the current, and future financial statements.
Answer the following statement true (T) or false (F)