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Harry Receives $100 from His Grandfather

Question 4

Multiple Choice

Harry receives $100 from his grandfather.He has a positive rate of time preference,therefore:


A) Harry wants to spend $50 today and save $50 for later
B) Harry wants to spend the $100 today
C) Harry wants to spend the $100 next year
D) Harry saves the $100 for a rainy day
E) Harry donates the $100 next year

Correct Answer:

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