Question
Economics Question on Money and Banking
Statements which is the true regarding time value of money concepts is:
A
Money received today is worth the same as money received in the future.
B
Money received today is worth the same as money received in the future.
C
Money received today is worth less than money received in the future.
D
Money paid today is worth the same as money paid in the future.
Answer
Money received today is worth the same as money received in the future.
Explanation
Solution
The correct option is(B): Money received today is worth the same as money received in the future.