The concept of time preference in financial investing rests on the belief that people
A)are indifferent between present and future consumption.
B)are patient.
C)are impatient.
D)intentionally consume 50 percent of assets in the present and 50 percent in the future.

Question

Quizplus · Accepted Answer

Time preference in financial investing is based on the idea that people prefer to have goods and services sooner rather than later, indicating impatience.

The Concept of Time Preference in Financial Investing Rests on the Belief