单选题 Selmer Jones has just inherited some money and wants to set some of it aside for a vacation in Hawaii one year from today. His bank will pay him 5 % interest on any funds he deposits. In order to determine how much of the money must be set aside and held for the trip, he should use the 5% as a(n).

A、

A. opportunity cost.
B、

B. discount rate.
C、

C. required rate of return.

【正确答案】 B

【答案解析】He needs to figure out how much the trip will cost in one year, and use the 5% as a discount rate to convert the future cost to a present value. Thus, in this context the rate is best viewed as a discount rate.