Which of the following is correct?

Banks use repurchase agreements to

A) ensure that payments on consumer loans are made on time. B) borrow funds from business firms or other banks. C) guard against price fluctuations on long-term bonds. D) ensure that they always have enough funds on hand to meet their federal tax liabilities.

The Great Homebody Nationwide Sweepstakes promises its winners a choice between $200,000 now or $120,000 now and $100,000 next year. The winners should take the $200,000 now

a. no matter what the interest rate is b. no matter what the interest rate is, if their rate of time preference is high c. no matter what the interest rate is, if their rate of time preference is low d. only if the interest rate is above 25 percent e. only if the interest rate is below 25 percent