Which principle says that a certain amount of money today is worth more than the same amount in the future? Inflation Rate of return The time value of money Principal interest
Answer: The time value of money
- Freya realizes she does not have enough in her bank account to use the debit card. She decides to use a credit card instead. Which questions should Freya answer before using a credit card? Check all that apply. Can I pay at least the minimum payment each month? Can I make payments on time and avoid late fees? Will I have to take out a loan? How much in finance charges can I afford to pay? Should i talk to a consumer credit counseling service?
- An entrepreneur keeps backup funds in a savings account so that if their business experiences a loss, they will be able to recuperate. What type of risk management is this an example of? Reducing risk. Sharing risk. Avoiding risk. Maximizing risk.