Which of the following best explains the time value of money?
a. This concept explains how inflation works.
b. It means that it's best to have money today, so it can be put to work sooner to make even more money.
c. This is a banking term; it is banking lingo for compound interest.
d. It means that, as time goes by, a dollar buys more today than it will tomorrow because of inflation. Ofcourse, in a deflationary economy the process is inverse.
b
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What is the best conclusion from the list below?
The analytics gurus at Zevon realize that they had misformulated their demand curves. They now believe that demand for X1 is given by 1000 - 2.25p1, demand for X2 is given by 2000 - 3p2, and demand for X3 is given by 3000 - 3.5p3. This model is entered in Excel and the sensitivity report contains the following: Constraints Final Lagrange Cell Name Value Multiplier $F$8 Lawyers 5000.00 101.052 $F$9 Guns 9275.74 0 $F$10 Money 9213.49 0 A) The profit for this scenario cannot be maximized. B) Not all of the lawyers they have available will be used. C) If Zevon can retain the services of another lawyer for less than $101, they should do so. D) Lawyer jokes aside, Zevon cannot benefit from hiring additional lawyers at any cost.
The vast majority of corporate bond business takes place over the counter
Indicate whether the statement is true or false