American Academy Of Financial Management (AAFM) Chartered Wealth Manager (CWM) Exam

What is the time value of money (TVM) concept?

A dollar today is worth more than a dollar in the future due to its earning potential Money increases in value automatically over time Future money is always worth more than present money Time has no effect on money's value

Correct Answer:

A dollar today is worth more than a dollar in the future due to its earning potential

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