All else equal, a dollar received sooner is worth more than a dollar received at some later date, because the sooner the dollar is received the more quickly it can be invested to earn a positive return.

Name: All else equal, a dollar received sooner is worth more than a dollar received at some later date, because the sooner the dollar is received the more quickly it can be invested to earn a positive return.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The Answer is True

All Else Equal, a Dollar Received Sooner Is Worth More