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5 years ago
When the yield curve is downward-sloping
A) short-term yields are higher than long-term yields.
B) long-term yields are higher than short-term yields.
C) the bond market is anticipating the U.S. Treasury may default on its obligations.
D) the inflation rate is expected to rise.
Textbook 
Money, Banking, and the Financial System

Money, Banking, and the Financial System


Edition: 3rd
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vehmeinvehmein
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emoji Author
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5 years ago
Smart ... Thanks!
SUmmerPeople
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Yesterday
Thank you, thank you, thank you!
Kstan109
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2 hours ago
Good timing, thanks!
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