The Principle That a Dollar Is Worth More the Sooner

question 33

Multiple Choice

The principle that a dollar is worth more the sooner it is to be received is the:

• A)value principle.
• B)value of money principle.
• C)time value of money principle.
• D)Fisher effect.

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Definitions:

Income

Money received, especially on a regular basis, for work or through investments.

Quantity Demanded

Refers to the amount of a good or service that consumers are willing and able to purchase at a given price over a specified period of time.

Price Elastic

Refers to the sensitivity of the demand for a product in response to changes in its price.

Total Revenue

The total amount of money received by a company from its sales of goods or services.