Which of the following is the opportunity cost of money?

Name: Which of the following is the opportunity cost of money?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Opportunity cost is the value of the next best alternative foregone. In this case, the opportunity cost of money is the interest forgone by holding money rather than investing it. This means that by holding onto money, you give up the opportunity to earn interest or returns on that money. Options A, B, D, and E are not examples of opportunity cost.

Which of the Following Is the Opportunity Cost of Money