{"id":8647,"date":"2024-04-15T03:03:58","date_gmt":"2024-04-15T03:03:58","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=8647"},"modified":"2024-04-15T03:03:58","modified_gmt":"2024-04-15T03:03:58","slug":"pick-up-the-correct-statement-from-the-following-a-the-change-in-the-amount-of-money-over-a-given-time-period-is-called-time-value-of-money-a-most-important-concept-in-engineering-economy-b-th","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/pick-up-the-correct-statement-from-the-following-a-the-change-in-the-amount-of-money-over-a-given-time-period-is-called-time-value-of-money-a-most-important-concept-in-engineering-economy-b-th\/","title":{"rendered":"Pick up the correct statement from the following: A. The change in the amount of money over a given time period is called &#8216;time value&#8217; of money, a most important concept in engineering economy B. The manifestation of the time value of money is termed as interest C. Interest on borrowing = present amount owed &#8211; original loan D. All of these"},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a9bbe3e84604\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"false\">\r\n                    The change in the amount of money over a given time period is called &#039;time value&#039; of money, a most important concept in engineering economy                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"false\">\r\n                    The manifestation of the time value of money is termed as interest                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"false\">\r\n                    Interest on borrowing = present amount owed - original loan                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"true\">\r\n                    All of these                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is D. All of these.<\/p>\n<p>The time value of money is the concept that money has different value depending on when it is received or paid. A dollar today is worth more than a dollar tomorrow because you can invest the dollar today and earn interest on it. Interest is the cost of borrowing money. It is the amount of money that a borrower pays to a lender for the use of the lender&#8217;s money. The interest rate is the percentage of the principal <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n          <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div>       <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> that is paid as interest each year. The present amount owed is the amount of money that is owed today. The original loan is the amount of money that was borrowed.<\/p>\n<p>Here is a more detailed explanation of each option:<\/p>\n<ul>\n<li>Option A: The change in the amount of money over a given time period is called &#8216;time value&#8217; of money, a most important concept in engineering economy.<\/li>\n<\/ul>\n<p>The time value of money is the concept that money has different value depending on when it is received or paid. A dollar today is worth more than a dollar tomorrow because you can invest the dollar today and earn interest on it. This is why it is important to consider the time value of money when making financial decisions.<\/p>\n<ul>\n<li>Option B: The manifestation of the time value of money is termed as interest.<\/li>\n<\/ul>\n<p>Interest is the cost of borrowing money. It is the amount of money that a borrower pays to a lender for the use of the lender&#8217;s money. The interest rate is the percentage of the principal that is paid as interest each year.<\/p>\n<ul>\n<li>Option C: Interest on borrowing = present amount owed &#8211; original loan.<\/li>\n<\/ul>\n<p>This equation is correct. The interest on borrowing is equal to the present amount owed minus the original loan.<\/p>\n<ul>\n<li>Option D: All of these.<\/li>\n<\/ul>\n<p>All of the options are correct. The time value of money, interest, and the equation for interest on borrowing are all important concepts in engineering economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Join Our Telegram Channel Subscribe on YouTube<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[656],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pick up the correct statement from the following: A. The change in the amount of money over a given time period is called &#039;time value&#039; of money, a most important concept in engineering economy B. The manifestation of the time value of money is termed as interest C. Interest on borrowing = present amount owed - original loan D. 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