B.the interest rate on long-term bonds will equal an average of short-term interest rates that people expect to occur over the life of the long-term bonds plus a term premium.
C.because of the positive term premium, the yield curve will not be observed to be downward sloping.
D.the interest rate for each maturity bond is determined by supply and demand for that maturity bon
D.
A、
B、
C、
D、
A、assumes that investors will hold long-term maturity assets if there is a sufficient premium to compensate for the uncertainty of the long-term.
B、assumes that long-term interest rates are an arithmetic average of short-term rates plus a liquidity premium.
C、recognizes that forward rates are perfect predictors of future interest rates.
D、assumes that risk premiums increase uniformly with maturity.
A、available to
B、acceptable to
C、available by
D、acceptable by
A、rising short-term interest rates.
B、regulations that limited what banks could pay for deposits.
C、both (a) and (b).
D、neither (a) nor (b).
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