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Bonds cannot have yields below the effective lower bound because: A) people can always hold cash. B) the banking technology does not exist to deal
Bonds cannot have yields below the effective lower bound because:
A)
people can always hold cash.
B)
the banking technology does not exist to deal with negative yields.
C)
the U.S. treasury guarantees all bonds to have a positive yield.
D)
all of the answers given are correct.
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