The concept of the time value of money is based on the interest-earning power of money.

Name: The concept of the time value of money is based on the interest-earning power of money.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The time value of money relates to the idea that money available at the present moment is worth more than the same amount of money later in the future, due to the earning potential of investing the money over time. This earning potential is linked to the concept of interest, making option A true.

The Concept of the Time Value of Money Is Based