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12. Credit spreads between LIBOR and Treasury bill rates are most likely to: a. widen during economic downturns and narrow during economic booms b. narrow

12. Credit spreads between LIBOR and Treasury bill rates are most likely to: a. widen during economic downturns and narrow during economic booms b. narrow during economic downturns and widen during economic booms c. remain stable during the entire business cycle d. narrow during economic downturns and remain stable during economic booms

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