The value of $1 today is worth more than $1 one year from now.

Name: The value of $1 today is worth more than $1 one year from now.
Brand: Quizplus
Rating: 4.7 (47 reviews)

Question

Quizplus · Accepted Answer

This is because of the time value of money, which suggests that money today is worth more than the same amount of money in the future, as it can be invested and earn interest over time. Additionally, there is always the risk of inflation, which can cause the purchasing power of money to decrease over time.

The Value of $1 Today Is Worth More Than $1