If You Have a Low Rate of Time Preference, Then

question 76

Multiple Choice

If you have a low rate of time preference, then you

• A)buy goods right now because "you just can't wait."
• B)are willing to save a larger percentage of your income than a person who has a high rate of time preference.
• C)find it difficult to save much of your income because money "just sitting around" is worthless to you.
• D)are willing to borrow money to buy goods now.

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