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Which theory of term structure posits that long-term rates are a geometric average of current and expected short-term interest rates?
Foregone Opportunities
The benefits or income missed out on when choosing one alternative over another.
Tuition
The fee charged for instruction or education provided by schools, colleges, and universities.
Equality
The condition of having equal status, rights, and chances.
Economy
The system by which goods and services are produced, distributed, and consumed in a society or geographic area.
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