Which of the following statements is true?
A) All persons have a high rate of time preference.
B) People with a high rate of time preference are more likely to be borrowers than people with a low rate of time preference.
C) People with a high rate of time preference are more likely to be lenders than people with a low rate of time preference.
D) A high interest rate is the cause of a high rate of time preference.
E) none of the above
Correct Answer:
Verified
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