Time value of money is based on the belief that people have a positive time preference for consumption.

Name: Time value of money is based on the belief that people have a positive time preference for consumption.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The time value of money concept assumes that people prefer to have money now instead of waiting to receive it later, which reflects a positive time preference for consumption. Therefore, the statement is true.

Time Value of Money Is Based on the Belief That