Solved

Which of the Following Statements Is True

Question 33

Multiple Choice

Which of the following statements is true?


A) The value of a dollar invested at a positive interest rate decreases over time.
B) The further in the future you receive a dollar, the less it is worth today.
C) A dollar in hand today is worth less than a dollar to be received in the future.
D) The higher the rate of interest, the more likely an investor will elect to consume at present and forgo invest his funds.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents