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A normal term structure of interest rates would depict Multiple Choice short-term rates are higher than long-term rates. long-term rates are higher than short-term rates.

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A "normal" term structure of interest rates would depict Multiple Choice short-term rates are higher than long-term rates. long-term rates are higher than short-term rates. intermediate rates (one to five years) are lower than both the short-term and long-term rates. untipte Cheice chortaerm rates ace higher than langterin rates. long-term rates are higher than short-4eem rates intermedinte rates (one to five yessy ase lower shan both the short-term ord longhe m ratich: no tyeneral reiwisnship between shorth and long-term rates

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