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A downward-sloping yield curve indicates that Treasury securities with maturities offer annualized yields. longer; lower longer; higher shorter; lower shorter; the same (short-term

A downward-sloping yield curve indicates that Treasury securities with ____ maturities offer ____ annualized yields.

longer; lower

longer; higher

shorter; lower

shorter; the same (short-term and long-term annualized yields are the same)

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