Answer:
True
Explanation:
The time value of money involves the relationship of equivalence between cash flows occurring at different dates.
The later a cash flow is received the less worthier it is as cash flow received earlier than that can be invested to earn return coupled with the fact that the later a cash flow is expected the higher the chances that there would a default on the party of the person making the cash available.
This uncertainty then makes a dollar received sooner worth more than the one received at some later time.
