Question $16(1\mathrm{.}5$ points$)$

Most people prefer to receive money today rather than ten years from now because

Prices have been falling recently and a dollar received today will buy more than

one received in the future.

Future investment returns are expected to be less variable than current ones.

Receiving cash today enables one to take advantage of current investment

opportunities.

People are unsure about their future employment prospects and wish to provide

themselves with a source of future income.

Most people are afraid they will spend future cash payments foolishly.

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