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Question 3 6 During a recession you would expect the difference between the commercial paper rate and the yield on U . S . T

Question

36

During a recession you would expect the difference between the commercial paper rate and the yield on U

.

.

-

bills of the same

maturity to

be the same since their maturities are the same.

increase, reflecting the possibility of higher default risk for commercial paper.

decrease.

fluctuate rarely.

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