Social Studies, 19.04.2021 16:00, ronniethefun
The statement that informed consumers have a time preference for money means that:
a. Consumers would prefer $1,000 payable in five years versus $1,000 now.
b. Consumers would prefer $1,000 now versus $1,000 payable in five years.
c. Consumers would prefer $200 each year for five years versus $1,000 now.
d. Consumers would prefer $100 payable every 6 months for 5 years versus $1,000 now.
Answers: 2
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The statement that informed consumers have a time preference for money means that:
a. Consumers wou...
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