The Notion That Money Has "Time-Value" Is Based on the Existence

question 269

Essay

The notion that money has "time-value" is based on the existence of a nonzero "opportunity rate", i.e., a rate of return at which it is possible to invest. Why is the opportunity rate so important?

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Definitions:

Gastrin

A hormone that stimulates the secretion of gastric acid by the stomach's parietal cells for digestion.

Hepatopancreatic Ampulla

Dilation within the major duodenal papilla that normally receives both the common bile duct and the main pancreatic duct.

Pancreatic Duct

Excretory duct of the pancreas that extends through the gland from tail to head, where it empties into the duodenum at the greater duodenal papilla.

Common Bile Duct

Duct formed by the union of the common hepatic and cystic ducts; it empties into the small intestine.