Long term bonds have ________ interest rate risk

Fill in the blank(s) with the appropriate word(s).

Ans: higher

Economics

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Budget deficit

What will be an ideal response?

Economics

Convexity of indifference curves imply that consumers are willing to

A) give up more "y" to get an extra "x" the more "x" they have. B) give up more "y" to get an extra "x" the less "x" they have. C) settle for less of both "x" and "y". D) acquire more "x" only if they do not have to give up any "y".

Economics