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Given a choice between 5-year and 1-year instruments most people would choose 5-year instruments when borrowing and 1-year instruments when lending. Which of the following

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Given a choice between 5-year and 1-year instruments most people would choose 5-year instruments when borrowing and 1-year instruments when lending. Which of the following is a theory consistent with this observation? Question 28 Not yet answe Marked out of 1.00 Flag questid Select one: O a. Expectations theory O b. Market segmentation theory OC. Liquidity preference theory d. Maturity preference theory

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