The time value of money is created by:

Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter19: Economic Growth In Developing Nations
Section19.4: Economics Development In China
Problem 1R
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The time value of money is created by:

Select one:
a. the existence of profitable investment alternatives and interest rates.
b. the fact that the passing of time increases the value of money
c. the elimination of the opportunity cost as a consideration
d. the fact that the value of saving money for tomorrow could be more or less than spending it today
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