The___________ reflects the notion that people prefer to consume things today rather than at some time in the future.
A) PV
B) interest rate
C) FV
D) time value of money

Name: The___________ reflects the notion that people prefer to consume things today rather than at some time in the future. A) PV B) interest rate C) FV D) time value of money
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Question

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The time value of money reflects the idea that money available today is worth more than the same amount in the future due to its potential earning capacity.

The___________ Reflects the Notion That People Prefer to Consume Things