Which of the Following Statements Is True

Multiple Choice

Which of the following statements is true?

A) All persons have a high rate of time preference.
B) People with a high rate of time preference are more likely to be borrowers than people with a low rate of time preference.
C) People with a high rate of time preference are more likely to be lenders than people with a low rate of time preference.
D) A high interest rate is the cause of a high rate of time preference.
E) none of the above