The concept of the time value of money is based on
A) the level of unemployment.
B) taxes.
C) interest earned over time.
D) the Dow Jones Industrial Average.

Question

Quizplus · Accepted Answer

The concept of the time value of money is based on the principle that a dollar today is worth more than a dollar in the future due to its potential earning capacity. This core principle is embodied in the concept of interest earned over time, making option C correct.

The Concept of the Time Value of Money Is Based