Which of the following is the most fundamental assumption in economics?
A. At the same 4% annual interest rate, the future value of $1,000 in 5 years is higher than the future value of $1,000 in 6 years.
B. Future value is the equivalent amount you receive today for an amount you are going to receive at some future period.
C. At 4% annual interest rate, the present value of $1,000 you expect to receive 5 years from now is $1,000.
D. Present value is the equivalent amount you receive today for an amount you are going to receive at some future period