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Which of the following statements is FALSE? Select one: A
Which of the following statements is FALSE?
Select one:
A. A dollar tomorrow is worth more than a dollar today
B. The more frequent the compounding, the higher the future value, other things equal.
C. For a given amount, the lower the discount rate, the higher the present value.
D. For a given amount, the higher the discount factor, the higher the present value
Expert Solution
A dollar tomorrow is worth more than a dollar today is a false statement. The correct statement is that A dollar today is worth more than a dollar tomorrow due to inflation or its buying capacity.
The correct option is A " A dollar tomorrow is worth more than a dollar today".
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