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The term structure of interest rates (the yield curve) is normal when O A. Long term interest rates are higher than short term interest rates,
The term structure of interest rates (the yield curve) is "normal" when O A. Long term interest rates are higher than short term interest rates, an upwardly sloping yield cur O B. Short term interest rates are higher than long term interest rates, an inverted yield curve. O C. Long term and short term interest rates are the same, a flat yield curve. . O D. Both B & C
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