Answer this problem! What does the "time value of money" refer to?a) Money has different values in different currenciesb) The value of money changes over time due to inflationc) The ability of money to generate earnings over timed) The fixed value of money regardless of time

International Financial Management
14th Edition
ISBN:9780357130698
Author:Madura
Publisher:Madura
ChapterP1: Part 1: Integrative Problem: The International Financial Environment
Section: Chapter Questions
Problem 4Q
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Answer this problem!

What does the "time value of money" refer to?
a) Money has different values in different currencies
b) The value of money changes over time due to inflation
c) The ability of money to generate earnings over time
d) The fixed value of money regardless of time 

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