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A normal term structure of interest rates would depict: Multiple Choice long-term rates higher than short-term rates. medium rates (1.5 years) lower than both short-term

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A "normal" term structure of interest rates would depict: Multiple Choice long-term rates higher than short-term rates. medium rates (1.5 years) lower than both short-term and long-term rates. short-term rates higher than long-term rates. no general relationship between short-and long term rates

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