Question

Which statement is true?. . A. The value of money that you save increases over time.. B. The value of money remains constant over time.. C. The present value of money is greater than its future value

Answer 1

The statement that is true among the choices given is option C. The presentvalue of money is greater than its future value. This statement is a fact and is always true. The present worth of a money is greater than its future value due to inflation. This is the principle called the time value of money.