The Idea That Money Has "Time Value" Refers to the Fact

The idea that money has "time value" refers to the fact that

A) people prefer to receive a given sum of money in the future rather than in the present.
B) money can be used to purchase the services of labor, as measured in hourly units.
C) a specific amount of money is more valuable to a person the sooner it is received.
D) compound interest converts future dollars into a greater amount of current dollars.