Assuming a Positive Interest Rate, the Present Value of Money

question 2

Multiple Choice

Assuming a positive interest rate, the present value of money suggests:

• A) $1 today = $1 in one year.
• B) $1 today > $1 in one year.
• C) $1 today < $1 in one year.
• D) $1 today ≤ $1 in one year.
• E) None of the choices are correct.

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