As interest rates decrease, the

A) cost of current relative to future consumption increases.
B) cost of current relative to future consumption decreases.
C) cost of current consumption relative to future consumption remains the same.
D) desire of many individuals to save increases.

Interest Rates

The cost of borrowing money, typically expressed as a percentage of the amount borrowed, paid by the borrower to the lender for the use of their funds.

Future Consumption

The concept of saving resources or income in the present in order to consume or utilize in the future, reflecting economic planning and saving behavior.