A Dollar Available Today Is Always Worth More Than a Dollar

question 10

True/False

A dollar available today is always worth more than a dollar not available until a future period.

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Definitions:

Diversify

The attempt to spread investment risk by selecting a variety of investment options within a portfolio.

Adage

A short, pointed and memorable saying that expresses a truth or insight.

Private Saving

The portion of an individual's or household's income that is not spent on consumption or taxes and is instead set aside for future use.

National Saving

The total amount of savings generated within a country, which equals the sum of private and public savings.