Question: When a yield curve has a positive slope: Select one: a. long-term yields are higher than short-term yields. b. short-term yields are higher than long-term
When a yield curve has a positive slope:
Select one:
a.
long-term yields are higher than short-term yields.
b.
short-term yields are higher than long-term yields.
c.
the bond market is expecting default by bond issuers.
d.
the inflation rate is expected to fall.
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