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What do economists mean by the "time value of money"? A. The way that the value of a payment changes depending on when the payment is received. OB. The fact that it takes time to make money. OC. The fact that money has value only if you have the time to enjoy it.

What do economists mean by the "time value of money"? A. The way that the value of a payment changes depending on when the payment is received. OB. The fact that it takes time to make money. OC. The fact that money has value only if you have the time to enjoy it.

Macroeconomics: Private and Public Choice (MindTap Course List)
Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter13: Money And The Banking System
Section: Chapter Questions
Problem 3CQ
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What do economists mean by the "time value of money"? O A. The way that the value of a payment changes depending on when the payment is received. B. The fact that it takes time to make money. OC. The fact that money has value only if you have the time to enjoy it.
Transcribed Image Text:What do economists mean by the "time value of money"? O A. The way that the value of a payment changes depending on when the payment is received. B. The fact that it takes time to make money. OC. The fact that money has value only if you have the time to enjoy it.
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