The discount rate is the rate at which someone is willing to give up current dollars for future dollars.

Question

Quizplus · Accepted Answer

This statement correctly defines the discount rate as the rate at which someone is willing to exchange or give up present money or investments for receiving future money or returns. It is a crucial factor in determining the present value of future cash flows and is commonly used in various financial calculations and decision-making processes.

The Discount Rate Is the Rate at Which Someone Is