Which of the following statements is CORRECT?

Group of answer choices

One of the four most fundamental factors that affect the cost of money as discussed in the text is the time preference for consumption. The higher the time preference, the lower the cost of money, other things held constant.

The four most fundamental factors that affect the cost of money are $(1)$ production opportunities, $(2)$ time preferences for consumption, $(3)$ risk, and $(4)$ inflation.

The four most fundamental factors that affect the cost of money are $(1)$ production opportunities, $(2)$ time preferences for consumption, $(3)$ risk, and $(4)$ weather conditions.

One of the four most fundamental factors that affect the cost of money as discussed in the text is the expected rate of inflation. If inflation is expected to be relatively high, then interest rates will tend to be relatively low, other things held constant.