微信扫一扫
实时资讯全掌握
| Wallace now poses a similar question regarding the liquidity preference theory. Which of the following could explain an upward sloping yield curve according to the liquidity preference theory of the term structure of interest rates? A. There is greater demand for short-term securities than for long-term securities. B. The market expects short-term rates to rise through the relevant future. C. There is a risk premium associated with more distant maturities. |