Question 13 Draw a positively sloped yield curve and label the yield curve 1. On the same diagram draw a new yield curve labelled curve 2 if the expected rate of inflation both short and long term rises. Label your axes carefully. [5] Question 14 Explain what is meant by a withholding tax and discuss why the Germans are keen to impose one and the British are keen not to impose one on Eurobonds. [5]