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A normal yield curve implies that: a. Long-term interest rates are higher than short-term interest rates. b. Intermediate term interest rates are higher than either
A normal yield curve implies that:
| a. | Long-term interest rates are higher than short-term interest rates. | |
| b. | Intermediate term interest rates are higher than either short- or long-term interest rates. | |
| c. | Long-term interest rates are lower than short-term interest rates. | |
| d. | Long-term interest rates are the same as short-term interest rates. |
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