What best explains the time value of money? the concept is another way to explain how inflation works. it just means that it's b

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2 years ago

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What best explains the time value of money? the concept is another way to explain how inflation works. it just means that it's b

est to have money today, so it can be put to work sooner to make even more money. this is just a banking term. it's insider jargon for compound interest. it means that, as time goes by, a dollar buys more today than it will tomorrow because of inflation. of course, in a deflationary economy the process is inverse?

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1 answer:

Mamont248 [21] · Answer 1 · 2022-07-17T20:39:32+03:00

Time value of money <span>it's best to have money today, so it can be put to work sooner to make even more money. When you have money now, you can invest and start building </span>interest on it. The quicker you have money, the quicker you start to grow your money and the sooner it can double, triple etc.