Question: Bonds cannot have yields below the effective lower bound because: A) people can always hold cash. B) the banking technology does not exist to deal

Bonds cannot have yields below the effective lower bound because:

A)

people can always hold cash.

B)

the banking technology does not exist to deal with negative yields.

C)

the U.S. treasury guarantees all bonds to have a positive yield.

D)

all of the answers given are correct.

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