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Explain the concept of the time value of money tends

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Reference no: EM132644790

Problem 1: The concept of the time value of money tends to explain ...

A. Why an amount of money received today is worth more than the same amount received at some future date

B. How the rate of exchange for different currencies today always increase in value in the future

C. How the interest rates are formulated by banks

D. All of the above

E. B and C

Reference no: EM132644790

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