What does the time value of money indicate?

Q.  Time value of money indicates that
- Published on 03 Sep 15

a. A unit of money obtained today is worth more than a unit of money obtained in future
b. A unit of money obtained today is worth less than a unit of money obtained in future
c. There is no difference in the value of money obtained today and tomorrow
d. None of the above

ANSWER: A unit of money obtained today is worth more than a unit of money obtained in future

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