All of the below are correct EXCEPT:

Select one:

a. People that value future consumption less than most of the other people will most likely end up being net lenders in the market.

b. $1 today is more valuable than $1 tomorrow

c. Needing to assign correct values to future cash flows of companies is why we need to be able to adjust for the rate of time preference.

d. Each individual has his/her own rate of time preference.