The time-value-of-money concept states that:
AFuture money is worth more than present money
BMoney received now is worth more than the same amount in the futureCORRECT
CMoney is constant in value
DInflation does not matter
CFAQuantitative Methods
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Why the answer is B, and why the others tempt you.
TVM core principle: $1 today > $1 tomorrow due to earning potential and inflation.
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