Long-Term Interest Rates and Short-Term Interest Rates

question 52

Multiple Choice

Long-term interest rates and short-term interest rates:

• A) usually move in lockstep.
• B) always move closely together.
• C) don't always move closely together.
• D) are independent of one another.

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Definitions:

Negotiable Instrument

A document in writing that promises to pay a designated sum of money, either when asked or at a predetermined time, with the document specifying who must make the payment.

Signs

Objects, gestures, or marks used to convey information, instructions, or identifications.

Primary Liable

Being the first or main party responsible for fulfilling an obligation or compensating for damages.

Co-signs

The act of signing a loan or agreement jointly with another person, thereby assuming equal responsibility for the repayment.