The statement "An advantage of dealing with time value of money is that there are very few measuring devices needed" is True. The time value of money is a concept that compares the value of money at different points in time
It is a fundamental principle of finance that helps investors and people saving for retirement determine how to get the most out of their dollars
The concept is based on the idea that a dollar on hand today is worth more than a dollar promised in the future because the dollar on hand today can be used to invest and earn interest or capital gains
Therefore, the time value of money is an advantage because it does not require any measuring devices to be used. Instead, it is based on the principle that money is worth more in the present than it is in the future.