According to the concept of the time-value of money:
A. money is more valuable to a person the sooner it is received.
B. money is more valuable to a person the later it is received.
C. people are indifferent between receiving a given sum of money now versus receiving it
later.
D. there is no opportunity cost of receiving a sum of money later rather than sooner.
A. money is more valuable to a person the sooner it is received.
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Consider the following pieces of information:
a. According to Bonnie Reyes, president and chief operating officer of Better Investing, a national organization of investment clubs, women have traditionally made up about 60 percent of the membership of investment clubs. By contrast, less than a third of team-managed mutual funds on Wall Street have even one woman on the management team. b. Research conducted by professors E. Brooke Harrington and Max Planck concluded that mixed investment clubs, on average, outperformed the typical single-sex investment club. c. The lack of gender diversity in Wall Street could be influenced by its reputation, according to professor Harrington, "for being inhospitable to women." Source: Michael Hulbert, "Strategies: At some Funds, a Gender Communications Gap," The New York Times, October 7, 2007, Sunday Money, page 5. The information presented is an example of A) a negative feedback loop. B) marginal productivity theory. C) the absence of comparable worth. D) economic discrimination.
Refer to the production function. The total product at 4 units equals ________ units
Fill in the blank(s) with correct word