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.