If a Saver Has a Positive Rate of Time Preference

question 49

Multiple Choice

If a saver has a positive rate of time preference then the present value of $100 to be received 1 year from today is:

• A) more than $100.
• B) not calculable.
• C) less than 100.
• D) unknown to the saver.

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Definitions:

Property Taxes

Taxes paid by property owners on their real estate holdings based on the assessed value of their property.

Omnichannel

A multichannel approach to sales that seeks to provide the customer with a seamless shopping experience, whether they are shopping online from a desktop or mobile device, by telephone, or in a brick-and-mortar store.

Retail Channel

A route through which goods and services are sold to customers through various outlets like physical stores, online platforms, or by mail.

Intermodal Transport

Using multiple types of transportation for the same shipment.