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Identify which of these is NOT a characteristic of a normal yield curve. A) The curve has a tendency to slope upward and outward. B)
Identify which of these is NOT a characteristic of a normal yield curve. A) The curve has a tendency to slope upward and outward. B) A normal yield curve indicates that long-term market interest rates are higher than short-term rates. C) As the maturity date of bonds lengthens, the corresponding bond yield decreases. D) A normal yield curve occurs during periods of economic expansion
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