Considering the value of a financial instrument, the sooner the promised payment is made:
A. the greater the risk, therefore the promise has greater value.
B. the less valuable is the promise to make it since time is valuable.
C. the more valuable is the promise to make it.
D. the less relevant is the likelihood that the payment will be made.
Answer: C
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A) much; little B) much; much C) little; little D) little; much
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A) increasing; increasing B) increasing; decreasing C) decreasing; increasing D) decreasing; decreasing