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Cash in Your Possession Today

Question 3

Multiple Choice

Cash in your possession today:


A) is worth less than the same amount of cash received in the future.
B) is worth more than the same amount of cash received in the future.
C) Is worth the same as the same amount of cash to be received in the future.
D) may be worth more or less than the same amount of cash received in the future depending on the market interest rate.
E) may be worth more or less than the same amount of cash received in the future depending on the type of investment made.

Correct Answer:

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