Imagine that someone offers you $100 today or $200 in 10 years. You would prefer to take the $100 today if the interest rate is

Buyers receive a consumer surplus when the price exceeds the marginal benefit

Indicate whether the statement is true or false

What was the lowest federal funds rate target the Fed set in response to the financial crisis?

a. 0% b. 1.8% c. 2.0% d. 2.2%