Which of the following is NOT true of the yield curve for U.S. Treasury securities?
A) Typically, it slopes upward.
B) It depicts the relationship among yields on securities of different maturities.
C) Typically, it shifts up or down rather than twists.
D) Typically, it slopes downward.
D
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Under the EMS, Germany set the system's
A) monetary policy while the other European countries pegged their currencies to the DM. B) fiscal policy while the other European countries pegged their currencies to the DM. C) monetary policy while the other European countries kept their currencies fluctuating relative to the DM. D) fiscal policy while the other European countries kept their currencies fluctuating relative to the DM. E) monetary policy, while other European countries maintained their traditional policies.
If the United States produces only corn and Mexico produces only oil, the price of oil, in terms of bushels of corn,
a. can be no higher than the opportunity cost of oil in the United States b. must be higher than the opportunity cost of oil in the United States c. can be no higher than the opportunity cost of corn in the United States d. can be no lower than the opportunity cost of oil in Mexico e. must be higher than the opportunity cost of oil in Mexico