Money Received Today Is Worth More Than the Same Amount

question 93

Multiple Choice

Money received today is worth more than the same amount of money received in the future. This is true because

• A) money received today can grow at a compounded rate.
• B) inflation will devalue future dollars.
• C) generally, goods and services will cost more in the future.
• D) All of these.

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Definitions:

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Waterford Crystal

A brand of fine crystal known for its high quality and intricate designs, originating from Waterford, Ireland.

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