Which of the Following Statements Is Correct

Multiple Choice

Which of the following statements is correct?

A) Interest would not exist in a nonmonetary economy.
B) The present value of a future dollar payment is inversely related to both the interest rate and to how far in the future the payment will be received.
C) A "positive rate of time preference" means that an individual would rather save than consume.
D) During an extended inflationary period, the money (or nominal) interest rate will usually be lower than the real rate of interest.