The term structure of interest rates:
A. usually results in a flat yield curve.
B. usually results in a downward sloping yield curve.
C. represents the variation in yields for securities differing in maturities.
D. always results in an upward sloping yield curve.
Answer: C
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In the late 19th century, increases in productivity in the _________ industry were driven mostly by innovation, while increases in productivity in the ________ industry were driven by both invention and innovation
a. men's clothing; grain milling b. boot and shoe; cotton textile c. cotton textile; boot and shoe d. boot and shoe; men's clothing
When the amount supplied is greater at each price, there is a(n)
A) rightward shift in the supply curve. B) leftward shift in the supply curve. C) upward movement along the supply curve. D) downward movement along the supply curve.
The market supply curve for labor curve is upward-sloping because
A. As the wage rises, most workers want to work fewer hours. B. For most workers, as the wage rises, the preference for leisure time increases. C. As the wage rises, most workers are willing to work more hours. D. As the wage falls, most workers want to work more hours.
A ______ economy is an economy where government and the private sector together determine the allocation of resources.
a. traditional b. command c. mixed d. market