Which of the following describes the term time value of money?

Question

Quizplus · Accepted Answer

The time value of money refers to the concept that money has greater value the sooner it is received or invested, and that investing money over time can result in it earning additional income and growing in value. Option A is incorrect as it describes constraints on the use of money, while option C is about the opportunity cost of time. Option B is related to inflation, but it does not capture the idea of investing money over time.

Which of the Following Describes the Term Time Value of Money