According to the concept of present value, a $50 barrel of oil today is worth
A) less than a $50 barrel in 2 years.
B) more than a $50 barrel in 2 years.
C) the same as a $50 barrel in 2 years.
D) the same as a $50 barrel in 2 years, but only if there is no inflation during those 2 years.
Correct Answer:
Verified
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