The time value of money implies that a dollar received today is worth ________ a dollar received tomorrow.
A) more than
B) less than
C) the same as
D) Insufficient data to determine the answer.

Question

Quizplus · Accepted Answer

The time value of money principle states that a dollar today is worth more than a dollar in the future due to its potential earning capacity. This core principle of finance holds that, provided money can earn interest, any amount of money is worth more the sooner it is received.

The Time Value of Money Implies That a Dollar Received