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Which one of the following is a true statement? I. Yield curve is normally upward sloping II. Yield curve can be inverted III. Inverted yield
Which one of the following is a true statement?
I. Yield curve is normally upward sloping
II. Yield curve can be inverted
III. Inverted yield curve can lead to economic recession
IV. Investors should purchase long term bond when yield curve is inverted.
A) I and II only
B) I, II and III only
C) II, III and IV only
D) II and IV only
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