A concept which explains a received money in present time, is more valuable than money received in future is called
A. lead value of money
B. storage value of money
C. time value of money
D. cash value of money
Answer: Option C
Solution(By Examveda Team)
A concept which explains a received money in present time, is more valuable than money received in future is called time value of money. The time value of money (TVM) is the concept that money available at the present time is worth more than the identical sum in the future due to its potential earning capacity.This Question Belongs to Management >> Management Accounting
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