Short-term bonds are generally
a. less risky than long-term bonds and so they feature higher interest rates.
b. less risky than long-term bonds and so they feature lower interest rates.
c. more risky than long-term bonds and so they feature higher interest rates.
d. more risky than long-term bonds and so they feature lower interest rates.
b
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Suppose the nation of Arcadia produces only two goods, teapots and surfboards. If Arcadia produces only teapots, it can make 40 per day. If Arcadia produces only surfboards, it can make 60 per day
What is the opportunity cost of 1 teapot in Arcadia? A) 2/3 of a surfboard B) 1.5 surfboards C) 40 surfboards D) 60 surfboards
If a firm is producing an output level at which marginal revenue exceeds marginal cost, the firm will increase profits by reducing its output level
a. True b. False Indicate whether the statement is true or false