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Time Value of Money

Money is one of the most important inventions in modern society as it serves as a medium of exchange, a store of value, and a unit of account. The value of money is determined by the trust people have that it can be exchanged for goods and services in the future, rather than it representing an intrinsic value. Investing money by providing it to others allows one to potentially gain a greater amount of money in the future through interest compared to just holding the money itself.

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0% found this document useful (0 votes)
43 views8 pages

Time Value of Money

Money is one of the most important inventions in modern society as it serves as a medium of exchange, a store of value, and a unit of account. The value of money is determined by the trust people have that it can be exchanged for goods and services in the future, rather than it representing an intrinsic value. Investing money by providing it to others allows one to potentially gain a greater amount of money in the future through interest compared to just holding the money itself.

Uploaded by

srinivasan9
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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