The time value of money is a concept,which means that the value of $1 increases over time.

Name: The time value of money is a concept,which means that the value of $1 increases over time.
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Quizplus · Accepted Answer

The time value of money means that the value of money decreases over time due to inflation, opportunity costs, and other factors. In other words, $1 today is worth more than $1 in the future.

The Time Value of Money Is a Concept,which Means That