Question
Based on the liquidity preference model of the term structure, the term structure must slope _________ because longer maturity bonds are _________ liquid than shorter
Based on the liquidity preference model of the term structure, the term structure must slope
_________ because longer maturity bonds are _________ liquid than shorter maturity bonds.
Group of answer choices
upward; less
upward; more
downward; more
downward; less
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Fundamentals Of Healthcare Finance
Authors: Louis C. Gapenski
2nd Edition
1567934757, 978-1567934755
