Suppose All 18-Year-Olds Are Identical in Every Way Except That

question 19

Multiple Choice

Suppose all 18-year-olds are identical in every way except that some have easy access to credit (i.e., they face a low interest rate when borrowing money) while others have a difficult time accessing credit (i.e., they face a high interest rate when borrowing money) . Which of the following statements is not true?

• A) Those who have easy access to credit have a lower rate of discount than those who do not have easy access to credit.
• B) Those who have easy access to credit will be more likely to go to college than those who do not have easy access to credit.
• C) The present value calculation of college will be higher for those who have easy access to credit than for those who do not have easy access to credit.
• D) Some people who have easy access to credit will not go to college.
• E) No one without easy access to credit will go to college.

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