According to the Concept of the Time Value of Money

question 334

Multiple Choice

According to the concept of the time value of money,

• A) money is more valuable to a person the sooner it is received.
• B) money is more valuable to a person the later it is received.
• C) people are indifferent between receiving a given sum of money now versus receiving it later.
• D) there is no opportunity cost of receiving a sum of money later rather than sooner.

---

Definitions:

Economic Growth, Regulatory Relief, and Consumer Protection Act

is a law intended to ease regulations on small and medium-sized banks and enhance consumer protections.

Truth in Lending Act

A U.S. federal law designed to promote the informed use of consumer credit by requiring disclosures about its terms and cost.

Residential Mortgage Loans

Loans borrowed by individuals for the purpose of purchasing residential properties, secured by the property itself.

Restrictive Covenants

Clauses in a contract or deed that limit how a piece of property can be used, to protect the value of adjacent properties or enforce a particular standard.