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The expectations theory is successful in explaining: 1. Why the term structure of interest rates changes at different times. 11. Why the yield curve

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The expectations theory is successful in explaining: 1. Why the term structure of interest rates changes at different times. 11. Why the yield curve is usually upward sloping. COA. Only Il is correct. OB. Both I and II are correct. OC. Only 1 is correct. OD. Both I and II are incorrect.

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