Arrange the following stages of time preference for money in the correct sequence:

A. Delayed gratification

B. Time value of money

C. Risk and uncertainty

D. Future expectations

E. Discounting

Choose the correct answer from the options given below:

1
B, E, C, D, A
2
A, E, C, D, B
3
B, E, D, C, A
4
C, E, B, D, A

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