Because the value of money changes over time:
A)it is difficult to make a decision weighing uncertain costs and benefits.
B)it is difficult to compare current costs with future ones.
C)we need to use interest rates to make accurate comparisons.
D)All of these statements are true.

Question

Quizplus · Accepted Answer

All of these statements are true. The changing value of money over time makes it difficult to make decisions that involve uncertain costs and benefits, and it is also difficult to compare current costs with future ones. Interest rates are used to accurately compare costs and benefits over time.

Because the Value of Money Changes Over Time