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A normal yield curve is one that is slightly ascending. This is most likely because: A . Lending over the longer term entails a slight
A "normal" yield curve is one that is slightly ascending. This is most likely because:
A
Lending over the longer term entails a slight riskpremium, all else being equal.
B
The market normally believes interest rates will rise.
C
Lending over the shorter term entails a slight riskpremium, all else being equal.
D
None of the answers listed here.
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