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storchak [24]
4 years ago
12

There are four basic principles of finance. Which principle correctly describes the following​ statement: ​ "A dollar today is w

orth more than a dollar received in the future. ​ Conversely, a dollar received in the future is worth less than a dollar received​ today"?
Business
1 answer:
Mekhanik [1.2K]4 years ago
8 0

Answer:

Time value of money

Explanation:

The ability of money kept in a savings deposit to earn interest over time and the increase in the total interest in line with the length of time, brought us to a conclusion that <em>an amount of money to be received now, that is in the present, is worth more than the same amount if received in the future.</em>

The increase in the value of money as a result of interest earned on it, increases the value of money, this concept is what is referred to time value of money.

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Explanation:

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A group of athletic shoes in a shoe factory are partially completed but still lack their innersoles and shoestrings. these shoes
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Credit sales to customers are: Group of answer choices A. Recorded using the Enter Bills window B. Recorded in a Credit Card Sal
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3 years ago
Which economic policy was most successful during the Great Depression?
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Suppose an economist tests the theory that when the price of leather increases, fewer pairs of shoes are produced. He observes m
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"Suppose an economist test the theory that when the price of leather increases, fewer pairs of shoes ..."His observations invalidate the testability of his hypothesis since they go against the ceteris paribus premise. This is further explained below.

<h3>What is an economist?</h3>

Generally, an economist is simply defined as a professional in economics.

In conclusion, To illustrate, "let's say an economist investigates the hypothesis that higher leather costs lead to fewer shoe purchases." Since his findings contradict the ceteris paribus premise, his hypothesis cannot be tested.

Read more about economist

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