When Yield Curves Are Steeply Upward-Sloping

question 55

Multiple Choice

When yield curves are steeply upward-sloping,

• A) long-term interest rates are above short-term interest rates.
• B) short-term interest rates are above long-term interest rates.
• C) short-term interest rates are about the same as long-term interest rates.
• D) medium-term interest rates are above both short-term and long-term interest rates.
• E) medium-term interest rates are below both short-term and long-term interest rates.

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