Question: Which of the following statement is incorrect? Select one: a. A future dollar is always less valuable than a dollar today if interest rates are

Which of the following statement is incorrect? Select one: a. A

Which of the following statement is incorrect? Select one: a. A future dollar is always less valuable than a dollar today if interest rates are positive. b. The greater the interest rate, the greater the present value, given the future value and the time period constant. c. The longer the time period, the smaller the present value, given the future value and the interest rate constant. d. The discount factor is the reciprocal of the compound factor. O

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