The principle of time preference requries a larger payment in the future than the present. Which situation best illustrates this concept?
APaying less for a boat with a smaller down payment.
BPaying more for a house with a larger down payment.
CPaying less for a car with a larger down payment.
APaying less for a boat with a smaller down payment.
BPaying more for a house with a larger down payment.
CPaying less for a car with a larger down payment.