Based on the expectations hypothesis, the steep upward sloping yield curve in June of 2013 indicted that short-term rates would ________ in the future.
A) climb
B) fall
C) remain the same
D) change in a random fashion
Answer: A) climb
Based on the expectations hypothesis, the steep upward sloping yield curve in June of 2013 indicted that short-term rates would ________ in the future.
A) climb
B) fall
C) remain the same
D) change in a random fashion
Answer: A) climb