Strictly speaking, money has no time value, but money has time value. Regardless of inflation, a dollar on the table for 10 thousand years is also a dollar, and a dollar is different from tomorrow's. Banks \ invest in stocks, etc. , thus generating time value. Therefore, as long as it is money, it has time value.

The time value of money means that a certain amount of money currently held has higher value than the same amount of money obtained in the future. From an economic point of view, the reason why the purchasing power of the current unit currency is different from that of the future unit currency is that in order to save the current unit currency from consumption and convert it into consumption in the future, there must be more than one unit currency available for consumption in the future as a discount to make up for the delayed consumption. Its expression form is as follows:

1) Relative number: the average profit rate of social capital excluding risk and inflation; That is, time value rate.

2) Absolute number: that is, time value is the real value-added amount brought by funds in the process of production and operation, that is, the product of a certain amount of funds and time value rate.

1. The time value of currency refers to a certain amount of currency currently held, which is more valuable than the equivalent currency obtained in the future. In other words, 100 yuan this year is more valuable than 100 yuan next year; If the annual rate of return is 10%, 100 yuan this year is equivalent to 1 10 yuan next year.

2. The premise that money has time value is the essence of money. Money acts as a universal equivalent and can be used for circulation and trading. Money has the following functions:

1) generally accepted goods for payment of goods, services and debts;

2) As a medium of exchange, articles have the standards of value, storage, price and deferred payment;

3) Excessive supply or demand will cause excessive demand for other assets or supply assets;

4) purchasing power of temporary residence;

5) It does not need to pay interest, and it is a liquid asset of public net wealth;

6) Maximum current assets related to national income, etc. ; These functions are the premise that money has time value.