According to the Concept of Time Value of Money,a Dollar

question 42

Multiple Choice

According to the concept of time value of money,a dollar is worth more the sooner it is received because:

• A)it can earn a return.
• B)it loses purchase power with time.
• C)it can be destroyed with time.
• D)the probability to be alive decreases with time.

---

Definitions:

Discretionary Income

The sum of money a person has left for investment, saving, or spending after covering taxes and basic living costs.

Fastest-Growing Segment

The part of a market or industry that is expanding at the highest rate compared to others.

TAG Heuer

A prestigious Swiss watchmaking company known for its luxury timepieces and strong association with sports timing and automobile racing.

Consumer Confidence

A measure of the overall degree of optimism or pessimism that consumers feel about the general state of the economy and their personal financial situation.