Question: Over the last 111 years, 1981 was the top year for nominal bill returns and 1982 was the top year for nominal bond returns. Why

Over the last 111 years, 1981 was the top year for nominal bill returns and 1982 was the top year for nominal bond returns. Why do you think that these two years saw such high returns on bonds and bills?

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The answer is that the inflation rate was quite high at this time Remember that the nom... View full answer

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