Which of the following statements about the future value of a dollar is true? A

Question

Which of the following statements about the future value of a dollar is true?

A dollar paid (or received) in the future is worth more than a dollar paid (or received) today.

A dollar paid (or received) in the future is worth as much as a dollar paid (or received) today.

A dollar paid (or received) in the future is worth less than a dollar paid (or received) today.

A dollar paid (or received) in the future is not comparable to a dollar paid (or received) today.

A dollar paid (or received) in the future is worth more than a dollar paid (or received) today.

A dollar paid (or received) in the future is worth as much as a dollar paid (or received) today.

A dollar paid (or received) in the future is worth less than a dollar paid (or received) today.

A dollar paid (or received) in the future is not comparable to a dollar paid (or received) today.

Explanation / Answer

Correct option:

A dollar paid (or received) in the future is worth less than a dollar paid (or received) today.

A dollar paid (or received) in the future is worth less than a dollar paid (or received) today.

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