According to the Concept of Present Value, a $50 Barrel

question 73

Multiple Choice

According to the concept of present value, a $50 barrel of oil today is worth

• A)less than a $50 barrel in 2 years.
• B)more than a $50 barrel in 2 years.
• C)the same as a $50 barrel in 2 years.
• D)the same as a $50 barrel in 2 years, but only if there is no inflation during those 2 years.