Question: Using the three graphs in the above figure, which yield curve shapes are inconsistent with the expectations theory of the term structure of interest rates?

 Using the three graphs in the above figure, which yield curve

Using the three graphs in the above figure, which yield curve shapes are inconsistent with the expectations theory of the term structure of interest rates? (a), (b), and (c) (a) and (b)only (a) and (c) only (c) only All of the above are consistent with the expectations theory

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