Which of the Below Statements About Consumptions and Savings Is

Multiple Choice

Which of the below statements about consumptions and savings is FALSE?

A) A chief influence on the saving decision is the individual's marginal rate of time preference, which is the willingness to trade some consumption now for more future consumption.
B) Generally, higher current income means the person will save more, although people with the same income may have different time preferences.
C) A variable affecting savings is the reward for saving, or the rate of interest on loans that savers make with their unconsumed income.
D) The total savings (or the total supply of loans) available at any time is the sum of everybody's savings and a negative function of the interest rate.