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Market segmentation theory explains the typical upward sloping shape of yield curves as a function of A. the greater liquidity of short-term notes as compared

Market segmentation theory explains the typical upward sloping shape of yield curves as a function of

A. the greater liquidity of short-term notes as compared to long-term bonds.

B. normally greater demand for long-term bonds than for short-term notes.

C. expectations that inflation will be higher in the future than it is now.

D. normally greater demand for short term notes than for long-term bonds.

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