The principle of time preference requries a larger payment in the future than the present. Which situation best illustrates this concept?
A. Paying less for a boat with a smaller down payment.
B. Paying more for a house with a larger down payment.
C. Paying less for a car with a larger down payment.
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Home » Computers & Technology » The principle of time preference requries a larger payment in the future than the present. Which situation best illustrates this concept? A. Paying less for a boat with a smaller down payment. B. Paying more for a house with a larger down payment. C.