During a Recession You Would Expect the Difference Between the Commercial

question 83

Multiple Choice

During a recession you would expect the difference between the commercial paper rate and the yield on U.S. T-bills of the same maturity to:

• A) be the same since their maturities are the same.
• B) increase reflecting the possibility of higher default risk for commercial paper.
• C) decrease.
• D) fluctuate rarely.

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