Assuming a positive interest rate, the present value of money suggests:

Assuming a positive interest rate, the present value of money suggests:

Assuming a positive interest rate, the present value of money suggests:


A. $1 today = $1 in one year

B. $1 today GREATER $1 in one year

C. $1 today LESS $1 in one year

D. $1 today LESS OR = $1 in one year

E. None of these


Answer: B


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