Question 1 (1 point)

The more time there is, the less its effect on the value of wealth.

	True
	False

Question 2 (1 point)

Time creates risks, uncertainties, opportunities, and opportunity costs.

	True
	False

Question 3 (1 point)

Cash flows in the future are liquid.

	True
	False

Question 4 (1 point)

The time value of money can be understood but not calculated concretely.

	True
	False

Question 5 (1 point)

Time discounts value.

	True
	False

Question 6 (1 point)

The discount rate is the opportunity cost of not having liquidity.

	True
	False

Question 7 (1 point)

Evaluating alternatives for financial decisions always involves speculation.

	True
	False

Question 8 (1 point)

Opportunity costs are foregone choices or sacrificed alternative uses of wealth.

	True
	False

Question 9 (1 point)

The rate at which time affects the value of money is called the discount rate.

	True
	False

Question 10 (1 point)

Time affects value because time affects liquidity.

	True
	False