A principle that a dollar is worth more the sooner it is to be received,all other things equal,is:
A)the time value of money.
B)the value of money.
C)Fisher's effect.
D)net present value.

Question

Quizplus · Accepted Answer

The principle that a dollar is worth more the sooner it is to be received is known as the time value of money. This principle is widely used in various financial calculations, including the computation of the future value and present value of investments and loans.

A Principle That a Dollar Is Worth More the Sooner